# Finance Act 1996, Paragraph 65


In section 280 of the Gains Act (payment of tax by instalments where consideration payable by instalments) for “if the person making the disposal satisfies the Board that he would otherwise suffer undue hardship, the tax on a chargeable gain accruing on the disposal may, at his option,” there shall be substituted “ at the option of the person making the disposal, the tax on a chargeable gain accruing on the disposal may ”.

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Source: https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/65 (the official version)
Page: https://openlegislation.uk/finance-act-1996/schedule-20/paragraph-65
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.