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Amendment of section 604A of Principal Act (relief for certain disposals of land or buildings)
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51. (1) Section 604A of the Principal Act is amended—
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(a) in subsection (2)—
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(i) in paragraph (a)—
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(I) by the insertion of “, notwithstanding any provision in the Capital Gains Tax Acts fixing the amount of the consideration deemed to be received on a disposal or given on acquisition” after “which”,
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(II) in subparagraph (i), by the substitution of “purchased” for “acquired”, and
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(III) in subparagraph (ii), by the substitution of “purchased” for “acquired”,
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and
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(ii) in paragraph (b), by the substitution of “purchased” for “acquired”,
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(b) in subsection (2A), by the substitution of “purchased” for “acquired”, and
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(c) in subsection (4)(a), by the substitution of “purchased” for “acquired”.
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(2) Subsection (1) shall be deemed to have effect in relation to disposals made on or after 1 January 2018.
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