Capital Gains Tax (Amendment) Act, 1978
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Amendment of section 28 (replacement of business and other assets) of Principal Act.
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9.—Section 28 of the Principal Act is hereby amended by the insertion after subsection (2) of the following subsection:
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“(2A) A chargeable gain or the balance of a chargeable gain which, under the provisions of subsection (1) or (2), as may be appropriate, is treated as accruing at a date later than the date of the disposal on which it accrued shall not be so treated for the purposes of section 3 of the Capital Gains Tax (Amendment) Act, 1978, or for the purposes of determining the period of ownership under section 4 of that Act.”.
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