# Finance Act 1978, Section 45: Chattel exemption.


1)-(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) In sections 12(2)(b) and 25(7) of the Taxes Management Act 1970 (information about chargeable gains) for “£1,000” there shall be substituted “£2,000”.
(6) This section applies for the year 1978-79 and subsequent years of assessment; . . .

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Source: https://www.legislation.gov.uk/ukpga/1978/42/section/45 (the official version)
Page: https://openlegislation.uk/finance-act-1978/section-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.