Section 4 of the Principal Act is amended by inserting the following after subsection (10):
"(11) Subject to section 4C the other provisions of this section, apart from subsections (9) and (10), shall not apply as regards -
(a) a disposal of an interest in immovable goods, or
(b) a surrender of possession of immovable goods,
which occurs after 1 July 2008. Subsection (9) shall apply only as respects a reversionary interest created prior to 1 July 2008. Subsection (10) shall apply only as respects an interest which is disposed of prior to 1 July 2008.".