Section 276.
1In section 73 of the [1925 c. 21.] Land Registration Act 1925 for the words "Part III of the Finance Act 1975 " there shall be substituted the words " the Capital Transfer Tax Act 1984 " and for the words " that Part " there shall be substituted the words " that Act ".
2In section 14(1)(b) of the [1947 c. 44.] Crown Proceedings Act 1947, for the words from " payment" to the end there shall be substituted the words " payment of capital transfer tax under the Capital Transfer Tax Act 1984 ".
3(1)In section 2 of the [1972 c. 61.] Land Charges Act 1972—
(a)in subsection (4)(ii) for the words " Part III of the Finance Act 1975 " there shall be substituted the words " he Capital Transfer Tax Act 1984 "; and
(b)in subsection (5)(i) for the words "Part III of the Finance Act 1975 (capital transfer tax)" there shall be substituted the words " the Capital Transfer Tax Act 1984 ".
(2)In section 4(6) of that Act for the words " Part III of the Finance Act 1975 " there shall be substituted the words " the Capital Transfer Tax Act 1984 ".
4In section 49(4) of the [1975 c. 7.] Finance Act 1975 after the words "paragraph 1 of Schedule 6 to this Act" there shall be inserted the words " or section 18 of the Capital Transfer Tax Act 1984 ".
5In section 10(5)(a) of the [1976 c. 24.] Development Land Tax Act 1976 for the words "paragraph 12 of Schedule 6 to the Finance Act 1975 " there shall be substituted the words " Schedule 3 to the Capital Transfer Tax Act 1984 ".
6(1)Section 34 of the [1976 c. 24.] Development Land Tax Act 1976 shall be amended as follows.
(2)In subsection (3)(d)(ii) for the words " Chapter II of Part IV of the Finance Act 1982 " there shall be substituted the words " any provision, apart from section 79, of Chapter III of Part III of the Capital Transfer Tax Act 1984 ".
(3)In subsection (5)(a) after the words "Act 1976 " there shall be inserted the words " or section 31 of the Capital Transfer Tax Act 1984 " and for the words "section 76 of that Act" there shall be substituted the words " section 30(2) of the Capital Transfer Tax Act 1984 ".
(4)In subsection (6) for the words " Subsections (2) and (2A) of section 51 of the Finance Act 1975 " there shall be substituted the words " Sections 2(3) and 3(4) of the Capital Transfer Tax Act 1984 " and for the words "Part III of the Finance Act 1975 " there shall be substituted the words " the Capital Transfer Tax Act 1984 ".
7(1)Schedule 6 to the Development Land Tax Act 1976 shall be amended as follows.
(2)In paragraph 18(2)—
(a)after the words " section 22 of the Finance Act 1927 " there shall be inserted the words " or section 4 of the Capital Transfer Tax Act 1984 " , for the words "that Act" there shall be substituted the words " the Finance Act 1975 " and after the words " section 77 of the Finance Act 1976 " there shall be inserted the words " or under section 31 of the Capital Transfer Tax Act 1984 "; and
(b)in paragraph (a) for the words from " subsection (7) " to " Act 1976 " there shall be substituted the words " section 32 of, or paragraph 3 of Schedule 5 to, the Capital Transfer Tax Act 1984 ".
(3)In paragraph 19(4) for the words " paragraph 1(2) of Schedule 10 to the Finance Act 1975 " there shall be substituted the words " section 5(4) of the Capital Transfer Tax Act 1984 ".
(4)In paragraph 24(1)—
(a)in paragraph (b) for the words " subsection (3) of section 37 of the Finance Act 1975 " there shall be substituted the words " Schedule 1 to the Capital Transfer Tax Act 1984 " ; and
(b)in paragraph (c) for the words " the said subsection (3) " there shall be substituted the words " the said Schedule 1 ".
8In section 38 of the [1977 c. 36.] Finance Act 1977—
(a)in subsection (1) for the words " a direction has effect under section 93 of the Finance Act 1982 " there, shall be substituted the words " a direction has effect under paragraph 1 of Schedule 4 to the Capital Transfer Tax Act 1984 "; and
(b)in subsection (5)(a) for the words " the said section 93 " there shall be substituted the words " the said paragraph 1 ".
9In subsections (1)(b) and (3)(a) of section 146 of the [1979 c. 14.] Capital Gains Tax Act 1979 for the words " paragraph 12 of Schedule 6 to the Finance Act 1975 " there shall be substituted the words " Schedule 3 to the Capital Transfer Tax Act 1984 ".
10(1)Section 147 of the Capital Gains Tax Act 1979 shall be amended as follows.
(2)In subsection (1) for the words " sub-paragraph (2) of paragraph 13 of Schedule 6 to the Finance Act 1975 " there shall be substituted the words " subsection (2) of section 26 of the Capital Transfer Tax Act 1984 " and for the words "sub-paragraph (1) of that paragraph " there shall be substituted the words " subsection (1) of that section ".
(3)In subsection (2)—
(a)in paragraph (a) for the words "paragraph 12 of the said Schedule 6 " there shall be substituted the words " Schedule 3. to the Capital Transfer Tax Act 1984 "; and
(b)in paragraph (b) for the words "paragraph 17 of Schedule 4. to the said Act of 1975 " there shall be substituted the words " section 230 of the Capital Transfer Tax Act 1984 ".
(4)In subsection (3) for the words " section 77 of the Finance Act 1976 " there shall be substituted the words " section 31 of the Capital Transfer Tax Act 1984 " and for the words " the said section 77 " there shall be substituted the words " the said section 31 ".
(5)In subsection (5) for the words " section 78 of the Finance Act 1976 " there shall be substituted the words " section 32 of the Capital Transfer Tax Act 1984 ".
(6)In subsection (7)—
(a)for the words " section 77(1)(c), (d) or (e) of the Finance Act 1976" there shall be substituted the words " section 31(1)(c), (d) or (e) of the Capital Transfer Tax Act 1984 ";
(b)for the words " the said section 77(1)(c)" there shall be substituted the words " the said section 31(1)(c) "; and
(c)for the words " the said section 77(1)(d) or (e)" there shall be substituted the words " the said section 31(1)(d) or (e) ".
(7)In subsection (9) after the word " under " there shall be inserted the words " Chapter II of Part II or section 78 of, or Schedule 5 to, the Capital Transfer Tax Act 1984. ".
11(1)Section 149 of the Capital Gains Tax Act 1979 shall be amended as follows.
(2)In subsection (1)—
(a)in paragraph (a) for the words " section 90 of the Finance Act 1976 " there shall be substituted the words " section 13 of the Capital Transfer Tax Act 1984 ";
(b)in paragraph (b) for the words " section 67 of the Finance Act 1978 " there shall be substituted the words " section 28 of the Capital Transfer Tax Act 1984 ".
(3)In subsection (4)(b) for the words from "paragraph 17(1)" to " has effect)" there shall be substituted the words " section 86(1) of the Capital Transfer Tax Act 1984 (that is to say, those in relation to which the said section 13 of that Act has effect) ".
(4)In subsection (5) for the words "the said paragraph 17(1)" there shall be substituted the words " the said section 86(1) ".
12In paragraphs 1 and 3 of Schedule 4 to the [1979 c. 14.] Capital Gains Tax Act 1979 for the words " Schedule 14 to the Finance Act 1981 " wherever they occur there shall be substituted the words " Chapter II of Part V of the Capital Transfer Tax Act 1984 ".
13In section 8(1) of the [1980 c. 17.] National Heritage Act 1980 after the words " Finance Act 1975 " there shall be inserted the words " or section 230 of the Capital Transfer Tax Act 1984 ".
14In section 12(3) of the National Heritage Act 1980 for the words "the said paragraph 17(4)" there shall be substituted the words " section 230(4) of the Capital Transfer Tax Act 1984 ".
15In section 13(3) of the National Heritage Act 1980 after the words " this section " there shall be inserted the words " or 6ection 230(1) or 231(2) of the Capital Transfer Tax Act 1984 ".
16In section 14(1) of the National Heritage Act 1980, for the words " or of the provisions amended by section 12 above " there shall be substituted the words " or under section 230 of the Capital Transfer Tax Act 1984 ".
17(1)Section 52 of the [1980 c. 48.] Finance Act 1980 shall be amended as follows.
(2)In subsection (1)—
(a)for the words " a direction has effect under section 93 of the Finance Act 1982 " there shall be substituted the words " a direction has effect under paragraph 1 of Schedule 4 to the Capital Transfer Tax Act 1984 ";
(b)in paragraph (a) for the words " subsection (3) of that section " there shall be substituted the words " sub-paragraph (1) of paragraph 3 of that Schedule "; and
(c)in paragraph (b) for the words " that subsection" there shall be substituted the words " that sub-paragraph ".
(3)In subsections (2) and (3) for the words " subsection (3)(a)(i) or (ii) of the said section 93 " there shall be substituted the words " sub-paragraph (1)(a)(i) or (ii) of the said paragraph 3 ".
(4)In subsection (7)—
(a)in paragraph (a) for the words from " paragraph 3(1)" to "paragraph 3(4)" there shall be substituted the words " paragraph 9(1) of Schedule 4 to the Capital Transfer Tax Act 1984 there is (or. but for paragraph 9(4) "; and
(b)in paragraph (b) for the words " section 93 of that Act" there shall be substituted the words " paragraph 1 of that Schedule ".
18(1)Section 53 of the [1980 c. 48.] Finance Act 1980 shall be amended as follows.
(2)In subsection (1)—
(a)for the words " subsection (3) of section 93 of the Finance Act 1982 " there shall be substituted the words " sub-paragraph (1) of paragraph 3 of Schedule 4 to the Capital Transfer Tax Art 1984 "; and
(b)in paragraph (a) for the words " the said section 93 " there shall be substituted the words " paragraph 1 of the said Schedule 4 ".
(3)In subsection (4)—
(a)in paragraph (a) for the words from " paragraph 3(1) " to " paragraph 3(4)" there shall be substituted the words " paragraph 9(1) of Schedule 4 to the Capital Transfer Tax Art 1984 there is (or, but for paragraph 9(4) " ; and
(b)in paragraph (b) for the words " section 93 of that Act" there shall be substituted the words " paragraph 1 of that Schedule ".
19In section 98 of the Finance Act 1980 for the words between " by virtue of" and " but" there shall be substituted the words " paragraph 9(1) or 17(1) of Schedule 4 to the Capital Transfer Tax Act 1984 there is no charge to capital transfer tax in respect of the property ceasing to be comprised in the settlement or a reduced charge to that tax by virtue of paragraph 9(4) or 17(4) of that Schedule ".
20In section 109 of the [1981 c. 14.] Supreme Court Act 1981—
(a)in subsections (1) and (2) for the words " Part III of the Finance Act 1975" there shall be substituted the words " the Capital Transfer Tax Act 1984 "; and
(b)in subsection (3) for the words " section 94(1)(a) of the Finance Act 1980 " there shall be substituted the words " section 256(1)(a) of the Capital Transfer Act 1984 ".
21In section 61(1) of the [1982 c. 39.] Finance Act 1982—
(a)for the words " section 93 below " there shall be substituted the words " paragraph 1 of Schedule 4 to the Capital Transfer Tax Act 1984 "; and
(b)in paragraph (a) for the words " subsection (3)(a)(i) of section 93 " there shall be substituted the words " paragraph 3(1)(a)(i) of that Schedule ".
22In section 62 of the [1982 c. 39.] Finance Act 1982 for the words " section 93 below" there shall be substituted the words " paragraph 1 of Schedule 4 to the Capital Transfer Tax Art 1984 ".
23In section 7(8) of the [1983 c. 49.] Finance (No. 2) Act 1983 for the words "paragraph 11 of Schedule 6 to the Finance Act 1975 " there shall be substituted the words " section 24 of the Capital Transfer Tax Act 1984 ".
24In Group II of Schedule 6 to the [1983 c. 55.] Value Added Tax Act 1983—
(a)in item 2, for the words from " section 32(3)(a) " onwards there shall be substituted the words " paragraph 1(3)(a) or (4), paragraph 3(4)(a), or the words following paragraph 3(4), of Schedule 5 to the Capital Transfer Tax Act 1984 "; and
(b)in item 3, for the words " section 78(4) of the Finance Act 1976 " there shall be substituted the words " section 32(4) of the Capital Transfer Tax Act 1984 ".
25In paragraph 7 of Part II of Schedule 6 to the [1970 c. 18 (N.I.).] Land Registration Act (Northern Ireland) 1970 for the words "Part III of the' Finance Act 1975 " there shall be substituted the words " the Capital Transfer Tax Act 1984 ".