Section 176 | Retirement relief: age limits. ^F1

(1)In each of sections 163 and 164 of, and paragraph 5 of Schedule 6 to, the Taxation of Chargeable Gains Act 1992 (retirement relief), for “the age of 55”, wherever occurring, there shall be substituted “ the age of 50 ”.

(2)The amendments made by this section shall apply in relation to disposals on or after 28th November 1995.