Section 6 | Reduction in higher CGT rate for residential property gains to 24%

(1)In section 1H of TCGA 1992 (the main rates of CGT)—

(a)Repealed^F1

(b)in subsection (2), omit paragraph (a) together with the “or” at the end of the paragraph,

(c)Repealed^F2

(d)in subsection (5), omit paragraph (a) together with the “or” at the end of the paragraph, and

(e)Repealed^F3

(2)In section 1I of that Act (income taxed at higher rates or gains exceeding unused basic rate band)—

(a)in subsection (1)—

(i)Repealed^F4

(ii)in that paragraph, omit “residential property gains or”,

(b)in subsection (2), in the words after paragraph (b)—

(i)Repealed^F5

(ii)omit “residential property gains or”,

(c)in subsection (5)—

(i)Repealed^F6

(ii)in that paragraph, omit “residential property gains or”, and

(d)in subsection (9)—

(i)Repealed^F7

(ii)in that paragraph, omit “residential property gains or”.

(3)The amendments made by this section have effect in relation to disposals made on or after 6 April 2024.