2006 No. 871

CAPITAL GAINS TAX

The Capital Gains Tax (Annual Exempt Amount) Order 2006

Made

22nd March 2006

The Treasury, in discharge of the duty imposed 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 2006.

Exempt amount of capital gains for 2006-07

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 2006-07, is £8,800.

Tom Watson

Dave Watts

Two of the Lords Commissioners of Her Majesty’s Treasury

22nd March 2006

( 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 1998 (c. 36) and paragraph 3 of Schedule 28 to the Finance Act 2003 (c. 14) . The annual exempt amount was last increased by S.I. 2005/721 .

1. Citation

2. Exempt amount of capital gains for 2006-07

Status: This is the original version (as it was originally made).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 2006 (2006/871)

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