As respects the year 1992-93 and subsequent years of assessment -
(a) subsection (4) of section 13, and subsections (1) and (2) of section 16, of the Capital Gains Tax Act, 1975, and
(b) paragraph 8 of Schedule 1 to the Capital Gains Tax (Amendment) Act, 1978,
are hereby amended by the substitution of "£1,000" for "£2,000" (inserted by the Finance Act, 1982) in each place where it occurs in those provisions, and the said provisions, as so amended, are set out in the Table to this section.
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(4) Where, apart from subsection (1), the amount on which an individual is chargeable to capital gains tax under section 5(1) for a year of assessment (hereafter in this subsection referred to as "the first-mentioned amount") is less than £1,000 and the spouse of the individual (being, at any time during that year of assessment, a married woman living with her husband, or that husband) is, apart from subsection (1), chargeable to capital gains tax on any amount for that year, s |