(1) Section 980 of the Principal Act is amended -

(a) by inserting the following after subsection (3):

"(3A) This section shall not apply to a disposal by a body specified in Schedule 15.",

(b) in subsection (4) (c) in the definition of "house" by substituting "section 372AK" for "section 329", and

(c) in subsection (9) by inserting the following after paragraph (d):

"(e) Where a person acquiring an asset has paid to the Collector-General an amount of capital gains tax in accordance with paragraph (a) (II) and recovered a sum of that amount from the person disposing of the asset, then, on proof being given in that regard, appropriate relief shall be given to the person disposing of the asset, whether by discharge, repayment or otherwise.".

(2)

(a) Paragraphs (a) and (c) of subsection (1) shall apply as on and from the date of the passing of this Act.

(b) Paragraph (b) of subsection (1) is deemed to have applied as on and from 25 March 2002.