Introductory text

Income Tax

Capital Gains Tax

Made 7th December 2016

Laid before the House of Commons 8th December 2016

Coming into force 6th April 2017

The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by sections 132 and 133 of the Finance Act 1999^f1 and now exercisable by them^f2, and section 428 of the Income Tax Act 2007^f3.

Annotations

Footnotes

f1: 1999 c. 16; section 132 was relevantly amended by paragraph 156 of Schedule 17 to the Communications Act 2003 (c. 21).
f2: The functions of the Commissioners of Inland Revenue and the Commissioners of Customs and Excise were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50 of that Act provides that in so far as it is appropriate in consequence of section 5 a reference, however expressed, to the Commissioners of Inland Revenue or the Commissioners for Customs and Excise is to be read as a reference to the Commissioners for Her Majesty’s Revenue and Customs.
f3: 2007 c. 3; section 428 was amended by section 20(3) of the Finance Act 2015 (c. 11) and section 173 of the Finance Act 2016 (c. 24). Section 428 provides that for the purposes of Chapter 2 of Part 8 of the Income Tax Act 2007 a gift aid declaration is a declaration given in a manner specified by Regulations. These Regulations specify the content and manner of a gift aid declaration and make related provision.