Taxation of Chargeable Gains Act 1992 section Sch 10 para 8

Inheritance Tax Act 1984 c. 51

Schedule 10, paragraph 8 updates cross-references in the Inheritance Tax Act 1984 so that they point to the correct corresponding provisions in the Taxation of Chargeable Gains Act 1992, replacing outdated references to the Capital Gains Tax Act 1979 and the Taxes Act 1970.

• All references in the Inheritance Tax Act 1984 to sections of the Capital Gains Tax Act 1979 are replaced with the equivalent section numbers in the Taxation of Chargeable Gains Act 1992.
• References to sections of the Taxes Act 1970 concerning group transfers of assets are updated to the corresponding provisions in the 1992 Act (sections 170 and 171 to 181).
• Amendments previously made by the Finance Act 1989 to section 97 of the Inheritance Tax Act 1984 are preserved, even though the 1992 Act repeals the Finance Act provision that originally introduced them.
• A new definition of "the 1992 Act" (meaning the Taxation of Chargeable Gains Act 1992) is added to section 272 of the Inheritance Tax Act 1984 to support all the updated cross-references.