# Capital Gains Tax Act 1979 (repealed 6.3.1992), Paragraph 2

Extent: E+W+S+N.I.

(1) For any year of assessment during which a married woman is living with her husband subsections (1) and (4) shall apply to them as if the exempt amount for the year were divided between them—
(a) in proportion to their respective taxable amounts for that year (disregarding for this purpose paragraphs (a) and (b) of subsection (4)), or
(b) where the aggregate of those amounts does not exceed the exempt amount for the year and allowable losses accruing to either of them in a previous year are carried forward from that year, in such other proportion as they may agree.
(2) Sub-paragraph (1) above shall also apply for any year of assessment during a part of which (being a part beginning with 6th April) a married woman is living with her husband but—
(a) her taxable amount for that year shall not include chargeable gains or allowable losses accruing to her in the remainder of the year, and
(b) subsections (1) and (4) shall apply to her (without the modification in sub-paragraph (1) above) for the remainder of the year as if it were a separate year of assessment.

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Source: https://www.legislation.gov.uk/ukpga/1979/14/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.