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