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Statutory Instruments

2007 No. 942

capital gains tax

The Capital Gains Tax (Annual Exempt Amount) Order 2007

Made

21st March 2007

The Treasury make the following Order in discharge of the duty imposed upon them by section 3(4) of the Taxation of Chargeable Gains Act 1992( 1 ):

Citation

1. This Order may be cited as the Capital Gains Tax (Annual Exempt Amount) Order 2007.

Exempt amount of capital gains for 2007-08

2. The amount specified as the exempt amount for the year 2007-08 by virtue of section 3 of the Taxation of Chargeable Gains Act 1992 is, unless Parliament otherwise determines, £9,200.

Frank Roy

Alan Campbell

Two of the Lords Commissioners of Her Majesty’s Treasury

21st March 2007

( 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. 2006/871 .

Status: This is the original version (as it was originally made).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 2007 (2007/942)

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