Finance Act, 1995

Amendment of section 27 (disposal within the family of business or farm) of Capital Gains Tax Act, 1975.

72.—(1) Section 27 (as amended by section 85 of the Finance Act, 1990 ) of the Capital Gains Tax Act, 1975 , is hereby amended, in paragraph (a) of subsection (4), by the substitution of “six years” for “ten years”.

(2) Subsection (1) shall apply and have effect as respects disposals made on or after the 6th day of April, 1995.