# Finance Act 1982, Section 81: Increase of chattel exemption.


(1) In the following enactments, namely,—
(a) section 128 of the Capital Gains Tax Act 1979 (chattel exemption by reference to consideration of £2,000),
(b) section 12(2)(b) of the Taxes Management Act 1970 (information about assets acquired), and
(c) section 25(7) of that Act (information about assets disposed of),
for “£2,000”, in each case where it occurs, there shall be substituted “ £3,000 ”.
(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.

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Source: https://www.legislation.gov.uk/ukpga/1982/39/section/81 (the official version)
Page: https://openlegislation.uk/finance-act-1982/section-81
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.