ihta84/sch8/para7.- The Development Land Tax Act 1976

Section 276

7.-(1) Schedule 6 to the Development Land Tax Act 1976 shall be amended as follows.

(2) In paragraph 18(2)-

(a) after the words "section 22 of the Finance Act 1975" there shall be inserted the words "or section 4 of the Capital Transfer Tax Act 1984" for the words "that Act" there shall be substituted the words "The Finance Act 1975" and after the words "section 77 of the Finance Act 1976" there shall be inserted the words "or under section 31 of the Capital Transfer Tax Act 1984"; and

(b) in paragraph (a) for the words from "subsection (7)" to "Act 1976" there shall be substituted the words "section 32 of, or paragraph 3 of Schedule 5 to, the Capital Transfer Tax Act 1984".

(3) In paragraph 19(4) for the words "paragraph 1(2) of Schedule 10 to the Finance Act 1975" there shall be substituted the words "section 5(4) of the Capital Transfer Tax Act 1984".

(4) In paragraph 24(1)-

(a) in paragraph (b) for the words "subsection (3) of section 37 of the Finance Act 1975" there shall be substituted the words "Schedule 1 to the Capital Transfer Tax Act 1984"; and

(b) in paragraph (c) for the words "the said subsection (3)" there shall be substituted the words "the said Schedule 1". ²

1 Repealed by 1985 s.93 and Sch.27, Part X, in relation to disposals on or after 19 March 1985.

2 Repealed by 1985 s.93 and Sch.27, Part X, in relation to disposals on or after 19 March 1985.