Taxation of Chargeable Gains Act 1992 Schedule 11 paragraphs 28–29

Continuity of law and overseas legislative powers

Paragraphs 28 and 29 of Schedule 11 ensure that the consolidation of chargeable gains law into the 1992 Act does not create gaps or inconsistencies, by preserving powers under earlier overseas-related legislation and maintaining legal continuity with the repealed enactments.

• Any earlier Act relating to a country or territory outside the United Kingdom that had the power to amend prior chargeable gains legislation retains that power in relation to the equivalent provisions now contained in the 1992 Act.
• The substitution of the 1992 Act for the earlier repealed enactments does not interrupt or alter the continuity of the law on the taxation of chargeable gains.
• References in any enactment, instrument or document to a provision of the 1992 Act are to be read as also covering the corresponding provision in the earlier repealed legislation, where relevant to earlier periods or circumstances.
• Equally, references in any enactment, instrument or document to the repealed enactments are to be read as including the corresponding provision of the 1992 Act, where relevant to periods or circumstances governed by the new Act.