Taxation of Chargeable Gains Act 1992 section Sch 10 para 5

British Telecommunications Act 1981 c. 38

Schedule 10, paragraph 5 updates a cross-reference in the British Telecommunications Act 1981 to reflect the consolidation of capital gains tax legislation into the Taxation of Chargeable Gains Act 1992.

• This paragraph amends section 82(1) of the British Telecommunications Act 1981.
• The reference to the "Capital Gains Tax Act 1979" is replaced with a reference to the "Taxation of Chargeable Gains Act 1992".
• The reference to "Schedule 5" of the old Act is replaced with a reference to "Schedule 2" of the new Act.
• This is a consequential amendment ensuring that existing telecommunications legislation points to the correct, updated capital gains tax statute.