{
  "url": "https://openlegislation.uk/finance-act-1982/section-81",
  "json_url": "https://openlegislation.uk/finance-act-1982/section-81.json",
  "legislation": "ukpga/1982/39",
  "legislation_title": "Finance Act 1982",
  "legislation_url": "https://openlegislation.uk/finance-act-1982",
  "path": "section/81",
  "kind": "section",
  "number": "81",
  "heading": "Increase of chattel exemption.",
  "text": "(1) In the following enactments, namely,—\n(a) section 128 of the Capital Gains Tax Act 1979 (chattel exemption by reference to consideration of £2,000),\n(b) section 12(2)(b) of the Taxes Management Act 1970 (information about assets acquired), and\n(c) section 25(7) of that Act (information about assets disposed of),\nfor “£2,000”, in each case where it occurs, there shall be substituted “ £3,000 ”.\n(2) This section applies to disposals on or after 6th April 1982 and, accordingly, in relation to subsection (1)(b) above, to assets acquired on or after that date.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 81 repealed by Finance Act 1989 (c. 26), s. 187 and Sch. 17 Pt. VII in relation to disposals on or after 6 April 1989 (and s. 81(1)(b) repealed in relation to assets acquired on or after 6 April 1989)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "1970 c. 9."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1982/39/section/81",
    "retrieved_at": "2026-10-28T17:24:56.407044+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}