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Amendment of provisions relating to agricultural and business property and provision relating to allowance of capital gains tax on the same event.
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68.— (1) The Principal Act is amended—
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(a) in section 89(4)(a)(i) by substituting “commencing on” for “after”,
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(b) in section 102A(2)(c) by substituting “commencing on the sixth anniversary of the date of the gift or inheritance and ending 4 years after that date” for “commencing 6 years after the date of the gift or inheritance and ending 10 years after that date”, and
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(c) in section 104(3) by substituting “commencing on” for “after”.
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(2) This section applies to gifts and inheritances taken on or after 21 January 2011.
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