Finance Act, 1997
Amendment of section 46 (debts) of Capital Gains Tax Act, 1975 . |
78.—(1) Section 46 of the Capital Gains Tax Act, 1975 , is hereby amended in subsection (7) (inserted by section 61 of the Finance Act, 1996 )— | |
(a) by the deletion of “or” in paragraph (c), and | ||
(b) by the substitution of the following paragraphs for paragraph (d): | ||
“(d) in connection with any transfer of assets as is referred to in section 65 of the Finance Act, 1992 , | ||
(e) in connection with any disposal of assets as is referred to in section 66 of the Finance Act, 1992 , | ||
(f) in the course of a transaction which is the subject of an application under section 72 of the Finance Act, 1992 , or | ||
(g) in pursuance of rights attached to any debenture falling within paragraph (a), (b), (c), (d), (e) or (f).”. | ||
(2) Subsection (1) shall apply and have effect as respects the disposal of a debenture on or after the 26th day of March, 1997. |