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Contents

Legislation
Finance Act 1989

Crossheading Exemptions

  • Section 122 Annual exempt amount for 1989-90.
  • Section 123 Increase of chattel exemption.
  1. Exemptions
  2. Increase of chattel exemption.

Section 123 | Increase of chattel exemption.

From legislation.gov.uk

(1)In the following enactments, namely—

(a)RepealedF1

(b)RepealedF2

(c)section 25(7) of that Act (information about assets disposed of),

for “£3,000”, in each place where it occurs, there shall besubstituted “£6,000”.

(2)This section applies to disposals on or after 6th April 1989 andaccordingly, in relation to subsection (1)(b) above, to assets acquired on orafter that date.

Notes

  1. F1

    S. 123(1)(a) repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by Taxation of Chargeable Gains Act 1992 (c. 12), ss. 289, 290, Sch.12 (with ss. 201(3), Sch. 11 paras. 22, 26(2), 27)

  2. F2

    S. 123(1)(b) omitted (13.8.2009) by virtue of The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035), art. 1, Sch. para. 60(c)

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