The Principal Act is amended -

(a) in section 128 -

(i) in subsection (2A), by the substitution of "Notwithstanding any other provision of the Tax Acts and subject to subsection (2B), where a person" for "Notwithstanding any other provision of the Tax Acts, where a person", and

(ii) by the insertion of the following subsection after subsection (2A):

"(2B) Where a gain is realised by the exercise of, or by the assignment or release of, a right on or after 1 January 2024 and a charge to tax arises under this section, Chapter 4 of Part 42 shall apply in respect of the gain.",

(b) in section 128B(1), by the substitution of "on or after 30 June 2003 and before 1 January 2024," for "on or after 30 June 2003,",

(c) in section 531AO(1A) -

(i) in paragraph (a), by the deletion of "or",

(ii) in paragraph (b), by the substitution of "Schedule 12A, or" for "Schedule 12A", and

(iii) by the insertion of the following paragraph after paragraph (b):