Finance Act 2024
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Amendment of section 613 of Principal Act (miscellaneous exemptions for certain kinds of property) | ||
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56. (1) Section 613 of the Principal Act is amended by the insertion of the following subsection after subsection (7): | ||
“(8) (a) In this subsection— | ||
‘Act of 2023’ means the Historic and Archaeological Heritage and Miscellaneous Provisions Act 2023 ; | ||
‘archaeological object’ has the same meaning as it has in the Act of 2023; | ||
‘national monument (M)’ has the same meaning as it has in the Act of 2023; | ||
‘registered monument’ has the same meaning as it has in the Act of 2023; | ||
‘relevant archaeological object’ has the same meaning as it has in Part 4 of the Act of 2023. | ||
(b) No chargeable gain shall accrue on the disposal of, or of an interest in— | ||
(i) a registered monument in accordance with section 47 of the Act of 2023, | ||
(ii) a national monument (M) in accordance with section 62 of the Act of 2023, | ||
(iii) a national monument (M) in accordance with section 77 of the Act of 2023, | ||
(iv) an archaeological object in accordance with section 99 of the Act of 2023, or | ||
(v) a relevant archaeological object in accordance with section 105 of the Act of 2023.”. | ||
(2) (a) In this subsection, “Act of 2023” means the Historic and Archaeological Heritage and Miscellaneous Provisions Act 2023 . | ||
(b) Subsection (1), in so far as it relates to the insertion of— | ||
(i) subsection (8)(b)(i) into section 613 of the Principal Act, shall come into operation on the day on which section 47 of the Act of 2023 comes into operation, | ||
(ii) subsection (8)(b)(ii) into section 613 of the Principal Act, shall come into operation on the day on which section 62 of the Act of 2023 comes into operation, | ||
(iii) subsection (8)(b)(iii) into section 613 of the Principal Act, shall come into operation on the day on which section 77 of the Act of 2023 comes into operation, | ||
(iv) subsection (8)(b)(iv) into section 613 of the Principal Act, shall come into operation on the day on which section 99 of the Act of 2023 comes into operation, and | ||
(v) subsection (8)(b)(v) into section 613 of the Principal Act, shall come into operation on the day on which section 105 of the Act of 2023 comes into operation. |