Taxation of Chargeable Gains Act 1992 section Sch 10 para 4

British Aerospace Act 1980 c. 26

Schedule 10 paragraph 4 updates a cross-reference in the British Aerospace Act 1980 to reflect the consolidation of capital gains tax legislation into the Taxation of Chargeable Gains Act 1992.

• This paragraph amends section 12(2) of the British Aerospace Act 1980.
• It replaces an outdated reference to section 272(5) of the Income and Corporation Taxes Act 1970.
• The new reference points to section 170(12) of the Taxation of Chargeable Gains Act 1992.
• This is a consequential amendment ensuring existing legislation correctly refers to the consolidated capital gains tax statute.