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Statutory Instruments

2005 No. 721

TAXES

The Capital Gains Tax (Annual Exempt Amount) Order 2005

Made

16th March 2005

The Treasury, in exercise of the powers conferred upon them by section 3(4) of the Taxation of Chargeable Gains Act 1992( 1 ) make the following Order:

Citation

1. This Order may be cited as the Capital Gains Tax (Annual Exempt Amount) Order 2005.

Exempt amount of capital gains for 2005-06

2. The amount specified, which by virtue of section 3 of the Taxation of Chargeable Gains Act 1992 is, unless Parliament otherwise determines, the exempt amount for the year 2005-06, is £8,500.

Jim Murphy

Nick Ainger

Two of the Lords Commissioners of Her Majesty’s Treasury

16th March 2005

( 1 )

1992 (c. 12) ; section 3 was amended by section 83 of the Finance Act 1993 (c. 34) , paragraph 3 of Schedule 21 to the Finance Act 1988 (c. 36) , paragraph 3 of Schedule 28 and Part 3(7) of Schedule 43 to the Finance Act 2003 (c. 14) . The annual exempt amount was last increased by S.I. 2004/774 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Capital Gains Tax (Annual Exempt Amount) Order 2005 (2005/721)

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