Capital Gains Tax (Amendment) Act, 1978

Amendment of section 3 (taxation of capital gains and rate of charge) of Principal Act.

2.—Section 3 of the Principal Act is hereby amended, for the year 1978-79 and each subsequent year of assessment, by the substitution for subsection (3) of that section of the following subsection:

“(3) Except as otherwise provided for by the Capital Gains Tax Acts, the rate of capital gains tax shall be 30 per cent.”.