Taxation of Chargeable Gains Act 1992 Schedule 12

Repeals

Schedule 12 lists the legislation and statutory instruments that are repealed as a consequence of the consolidation of capital gains tax law into the Taxation of Chargeable Gains Act 1992.

• The schedule repeals, in whole or in part, provisions from over 40 Acts of Parliament spanning from 1968 to 1992, including the entire Capital Gains Tax Act 1979 and the entire Income and Corporation Taxes Act 1970.
• Major Finance Acts from 1970 through to 1991 have specific capital gains tax sections and schedules removed, as their content has been re-enacted within the 1992 consolidating Act.
• Consequential amendments in non-tax legislation — such as the Mental Health Act 1983, the Copyright, Designs and Patents Act 1988, and the Companies Act 1989 — are also repealed where they referred to the now-superseded capital gains tax provisions.
• Sixteen statutory instruments, all being Capital Gains Tax (Gilt-edged Securities) Orders made between 1979 and 1991, are repealed in their entirety.