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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 10 May 1997 - onwards
    Version 1 of 1    

76. Amendment of section 66 (reduced rate of capital gains tax on certain disposals of shares by individuals) of Finance Act, 1994.

As of 6 April 1997 this text has repealed

Section 66 (as amended by section 63 of the Finance Act, 1996) of the Finance Act, 1994, is hereby amended as respects disposals made on or after the 6th day of April, 1997 -

(a) by the substitution in the definition of "the specified period" in subsection (1) of "3 years" for "5 years",

(b) by the substitution of the following definition in subsection (1) for the definition of "unquoted company":

" ‘unquoted company’ means a company none of whose shares, stocks or debentures are listed in the official list of a stock exchange or quoted on an unlisted securities market.",

and

(c) by the substitution in subsection (6) of "26 per cent." for "27 per cent.".

Comparing proposed amendment...