Finance Act, 1989

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

29.—Paragraph 11 (inserted by the Finance Act, 1982 , and which relates to the disposal of certain assets) of Schedule 4 to the Capital Gains Tax Act, 1975 , is hereby amended, as respects disposals made on or after the passing of this Act, by the substitution in subparagraph (8) of “one hundred thousand pounds” for “fifty thousand pounds” and the said subparagraph (8) (apart from the proviso), as so amended, is set out in the Table to this section.


(8) This paragraph shall not apply where the consideration on a disposal does not exceed the sum of one hundred thousand pounds: