SCHEDULE 21 Amendments in Connection with Taper Relief
Finance Act 1998 (1998 c 36) | Legislation

SCHEDULE 21 Amendments in Connection with Taper Relief

Section 121

Introductory

1

The Taxation of Chargeable Gains Act 1992 shall be amended in accordance with the following provisions of this Schedule.

.Ìý.Ìý.

2

.Ìý.Ìý.

Annual exempt amount

3

For subsection (5) of section 3 (definition of taxable amount) there shall be substituted the following subsections—

“(5)     For the purposes of this section an individual's taxable amount for any year of assessment is the amount which, after—

(a)     making every deduction for which section 2(2) provides,

(b)     applying any reduction in respect of taper relief under section 2A, and

(c)     adding any amounts falling to be added by virtue of section 2(5)(b),

is (apart from this section) the amount for that year on which that individual is chargeable

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Directors’ remuneration

Directors’ remunerationCompany directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their

LEXISNEXIS

Notice of assignment

notice of [assignment OR transfer]To: [insert name of landlord][of [insert address] OR whose registered office is at [insert address] Company number [insert number]][and][To: [insert name of head landlord]][of [insert address] OR whose registered office is at [insert address] Company number [insert

LEXISNEXIS

Carriage of goods by sea—the Hague-Visby Rules

Carriage of goods by sea—the Hague-Visby RulesThis Practice Note explains the Hague-Visby Rules (the Rules) which are an international convention enacted into English law by the Carriage of Goods by Sea Act 1971 (CGSA 1971) whose purpose is to regulate some of the most important rights and

LEXISNEXIS

Affray

AffrayAffray is an offence created by the Public Order Act 1986 (POA 1986). It can be tried in either the magistrates’ court or the Crown Court. The magistrates’ court may decline jurisdiction where for example in cases involving a weapon/throwing objects, or conduct that causes serious