Finance Act, 2001

Amendment of section 649A (relevant disposals: rate of charge) of Principal Act.

94.—Section 649A(1) of the Principal Act is amended—

(a) by the substitution for paragraphs (a) and (b) of the following:

“(a) in the case of a relevant disposal made in the period from 3 December 1997 to 30 November 1999, 40 per cent, and

(b) in the case of a relevant disposal made on or after 1 December 1999, 20 per cent.”,

and

(b) by the deletion of paragraph (c).