Finance Act, 1977

Chapter V

Taxation of Chargeable Gains

Amendment of section 3 (taxation of capital gains and rate of charge) of Capital Gains Tax Act, 1975.

33.—With effect as on and from the 6th day of April, 1976, section 3 (3) of the Capital Gains Tax Act, 1975 , is hereby amended by the substitution 3sections 6 and 32” for “section 6” and the said subsection (3), as so amended, is set out in the Table to this section.


(3) Subject to sections 6 and 32, the rate of capital gains tax shall be 26 per cent.