Finance Act, 1992

Amendment of Schedule 4 (administration) to Capital Gains Tax Act, 1975.

246.—Paragraph 3 of Schedule 4 to the Capital Gains Tax Act, 1975 , is hereby amended by the insertion after subparagraph (4) of the following subparagraph:

“(4A) (a) An event which, apart from paragraph 2(2) of Schedule 2, as applied by paragraph 4 or 5 of that Schedule, would constitute the disposal of an asset shall, for the purposes of this paragraph, constitute such a disposal.

(b) An event which, apart from paragraph 2(2) of Schedule 2, as applied by paragraph 4 or 5 of that Schedule, would constitute the acquisition of an asset shall, for the purposes of this paragraph, constitute such an acquisition.”.