{
  "url": "https://openlegislation.uk/finance-act-1999/schedule-20/part-III",
  "json_url": "https://openlegislation.uk/finance-act-1999/schedule-20/part-III.json",
  "legislation": "ukpga/1999/16",
  "legislation_title": "Finance Act 1999",
  "legislation_url": "https://openlegislation.uk/finance-act-1999",
  "path": "schedule/20/part/III",
  "kind": "part",
  "number": "III",
  "heading": "Income tax, corporation tax and capital gains tax",
  "text": "(1)\nCapital gains tax rates\nThese repeals have effect for the year 1999-00 and subsequent years of assessment.\nChapter\nShort title\nExtent of repeal\n1992 c. 12.\nThe Taxation of Chargeable Gains Act 1992.\nIn section 4—\n(a) subsections (1A), (1B), (3A) and (3B); and\n(b) in subsection (4), the words “(disregarding subsection (3B)(a) above)”.\n1992 c. 48.\nThe Finance (No. 2) Act 1992.\nSection 23.\n1993 c. 34.\nThe Finance Act 1993.\nIn Schedule 6, paragraph 22.\n1996 c. 8.\nThe Finance Act 1996.\nIn Schedule 6, paragraph 27.\n1997 c. 58.\nThe Finance (No. 2) Act 1997.\nIn Schedule 4, paragraph 24(4) and (5).\n(2)\nCorporation tax rates\nThis repeal has effect for the financial year 2000 and subsequent financial years.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nSection 13(9).\n(3)\nMarried couple’s allowance\n1.The repeal in section 257A(5) of the Taxes Act 1988 has effect for the year 1999-00 and subsequent years of assessment.\n2.The other repeals have effect for the year 2000-01 and subsequent years of assessment.\nChapter\nShort title\nExtent of repeal\n1970 c. 9.\nThe Taxes Management Act 1970.\nIn section 37A, “, 257D”.\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nIn section 257A—\n(a) subsection (1);\n(b) in subsection (2), the words from “(instead of” to the end;\n(c) in subsection (3), the words “(1) or”; and\n(d) in subsection (5), the words from “(but not” to the end.\nIn section 257BA(2), the words from “(to nil” to the end.\nSections 257D to 257F.\nSection 278(2A).\n1989 c. 26.\nThe Finance Act 1989.\nIn section 33—\n(a) subsection (6);\n(b) in subsection (10), the words “257B(2), 257D(8) and”; and\n(c) subsections (11) to (13).\n1992 c. 48.\nThe Finance (No. 2) Act 1992.\nIn Schedule 5, paragraphs 3 and 4.\n1994 c. 9.\nThe Finance Act 1994.\nSection 77(2)(a).\nIn Schedule 8, paragraphs 4 and 5.\n1996 c. 8.\nThe Finance Act 1996.\nIn Schedule 20, paragraphs 14(2), 15 and 16.\nIn Schedule 21, paragraph 5.\n(4)\nIncome tax relief in respect of children\nThese repeals have effect for the year 2000-01 and subsequent years of assessment.\nChapter\nShort title\nExtent of repeal\n1970 c. 9.\nThe Taxes Management Act 1970.\nIn section 58(3)(b), “260(3),”.\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nIn section 256(3), the words after paragraph (c).\nSections 259 to 261A.\n1988 c. 39.\nThe Finance Act 1988.\nSection 30.\nSection 134(3).\nIn Schedule 3, paragraphs 5 and 6.\n1992 c. 48.\nThe Finance (No. 2) Act 1992.\nIn Schedule 5, paragraphs 5 and 6.\n1994 c. 9.\nThe Finance Act 1994.\nSection 77(3) and (4).\nIn Schedule 8, paragraphs 6 to 8.\n1996 c. 8.\nThe Finance Act 1996.\nIn Schedule 20, paragraphs 17 and 18.\n1998 c. 36.\nThe Finance Act 1998.\nSection 26.\n(5)\nWidow’s bereavement allowance\n1.The repeal of section 262 of the Taxes Act 1988 and the repeal in Schedule 3 to the Finance Act 1988 have effect in relation to deaths occurring on or after 6th April 2000.\n2.The other repeals have effect for the year 2001-02 and subsequent years of assessment.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nSection 256(3)(b).\nSection 262.\n1988 c. 39.\nThe Finance Act 1988.\nIn Schedule 3, paragraph 7(3).\n1992 c. 48.\nThe Finance (No. 2) Act 1992.\nIn Schedule 5, paragraph 7.\n1994 c. 9.\nThe Finance Act 1994.\nSection 77(5).\nIn Schedule 8, paragraph 9.\n(6)\nMaintenance payments\nThese repeals have effect in relation to any payment falling due on or after 6th April 2000.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nSection 347B(4) and (5).\n1988 c. 39.\nThe Finance Act 1988.\nIn section 38—\n(a) in subsection (2), the words after “the person liable to make it”; and\n(b) subsections (3) to (6) and (8).\nSection 39.\nIn section 40—\n(a) in subsection (1), the definition of “child of the family”; and\n(b) subsection (2).\n1994 c. 9.\nThe Finance Act 1994.\nIn section 79—\n(a) in subsection (1), the words “and section 38 of the Finance Act 1988”; and\n(b) subsections (2), (5), (7) and (8).\n1995 c. 4.\nThe Finance Act 1995.\nIn Schedule 17, paragraph 4(1).\n1996 c. 8.\nThe Finance Act 1996.\nSection 149.\nIn Schedule 21, paragraph 25.\n(7)\nInterest on loans to buy land etc.\n1.The repeals in section 375 of the Taxes Act 1988 have effect in accordance with paragraph 18(1) of Schedule 4 to this Act.\n2.The repeals in section 488 of that Act have effect in accordance with paragraph 18(2) of that Schedule.\n3.The repeal in the Taxation of Chargeable Gains Act 1992 has effect in accordance with paragraph 18(4) of that Schedule.\n4.The other repeals have effect in relation to any payment of interest falling within subsection (3) or (4) of section 38 of this Act.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nIn section 160(1C)(a), the words “or section 357(1)(b)”.\nIn section 353(1A) and (1B), the words “354 or”.\nSections 354 to 358.\nIn section 367—\n(a) subsection (1); and\n(b) in subsection (2), the words “354(1) and”.\nIn section 370—\n(a) in subsection (1), the words “or (3)”;\n(b) in subsection (2), the words “354(1) or” and “356A, 357 or”, and paragraph (c) of that subsection and the word “and” immediately preceding it; and\n(c) subsections (3), (4), (6) and (7).\nSection 372.\nIn section 373—\n(a) in subsection (1), the words “section 356A, section 357(1) or”;\n(b) subsections (3) and (4);\n(c) in subsection (5), the words from “and” to “also fulfilled”; and\n(d) in subsection (7), the words from “and” to the end.\nIn section 374, subsection (1)(c) and, in subsection (2), the words “(c) or”.\nSection 375(9) and (10).\nSection 375A.\nIn section 376—\n(a) in subsection (3), the words from “and” to the end; and\n(b) subsection (6).\nSection 377.\nSection 378(1), (2) and (4).\nIn section 379—\n(a) in the definition of “qualifying lender”, the words “to (6)”; and\n(b) in the definition of “regulations”, the words “except in sections 378(1) and (2)”.\nSection 477A(8).\nIn section 488—\n(a) in subsection (1), paragraph (c);\n(b) in subsection (2), paragraph (b) and the word “and” immediately preceding it;\n(c) in subsection (4), the words “a member or of”; and\n(d) subsection (12).\nIn section 828(4), “377(8)”.\n1988 c. 39.\nThe Finance Act 1988.\nSections 42 to 44.\nIn Schedule 3, paragraph 14.\n1990 c. 29.\nThe Finance Act 1990.\nIn Schedule 14, paragraph 6.\n1992 c. 12.\nThe Taxation of Chargeable Gains Act 1992.\nIn section 222(8)(a), the words from “within” to “Act”.\n1993 c. 34.\nThe Finance Act 1993.\nSection 56.\nSection 57(1), (2), (4) and (6).\n1994 c. 9.\nThe Finance Act 1994.\nSection 81(3) and (8).\nIn Schedule 9, paragraphs 7(1) and 10(2).\nIn Schedule 17, paragraph 3.\n1995 c. 4.\nThe Finance Act 1995.\nIn section 42, subsection (1) and, in subsection (2), paragraphs (b) to (e).\nIn Schedule 6, paragraph 18.\n1996 c. 8.\nThe Finance Act 1996.\nIn Schedule 20, paragraph 28(5).\nIn Schedule 21, paragraphs 8 and 9.\n1997 c. 58.\nThe Finance (No. 2) Act 1997.\nSection 15.\n(8)\nConditional acquisition of shares\nThis repeal applies in relation to shares acquired on or after the day on which this Act is passed.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nSection 140A(2).\n(9)\nMobile telephones\nThese repeals have effect for the year 1999-00 and subsequent years of assessment.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nIn section 154(2)(b), “159A”.\nSection 159A.\nSection 200AA(3).\n1991 c. 31.\nThe Finance Act 1991.\nSection 30.\n1993 c. 34.\nThe Finance Act 1993.\nSection 74(2).\nIn Schedule 4, paragraph 5.\n(10)\nPRP and agricultural pay\nThese repeals have effect in accordance with section 46 of this Act.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nSection 175(1)(c) and (4).\nIn section 178(1), paragraph (d) and the word “or” immediately preceding it.\n(11)\nSub-contractors in the construction industry\nThis repeal has effect in accordance with section 53 of this Act.\nChapter\nShort title\nExtent of repeal\n1998 c. 36.\nThe Finance Act 1998.\nIn Schedule 8, paragraphs 3 to 5.\n(12)\nGifts in kind to charities\nThis repeal has effect in relation to gifts made on or after the day on which this Act is passed.\nChapter\nShort title\nExtent of repeal\n1998 c. 36.\nThe Finance Act 1998.\nSection 47.\n(13)\nGifts of money to relieve refugee poverty\nThese repeals have effect in relation to gifts made on or after 6th April 1999.\nChapter\nShort title\nExtent of repeal\n1998 c. 36.\nThe Finance Act 1998.\nIn section 48—\n(a) in subsection (2), the word “and” at the end of paragraph (a); and\n(b) in subsection (8), the definition of “the first designation date”.\n(14)\nSecondment of employees to educational establishments\nThis repeal has effect in accordance with section 58 of this Act.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nIn section 86(3), the words “and before 1st April 1997”.\n(15)\nVocational training relief\nSection 59(3)(b) of this Act shall apply in relation to these repeals as it applies in relation to subsection (2) of that section.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nIn section 265(3), paragraph (e) and the word “or” immediately preceding it.\n1991 c. 31.\nThe Finance Act 1991.\nSections 32 and 33.\n1994 c. 9.\nThe Finance Act 1994.\nSection 84.\n1996 c. 8.\nThe Finance Act 1996.\nIn section 129—\n(a) subsection (1)(b);\n(b) in subsection (2), the words “section 32(5)(b) of the 1991 Act”; and\n(c) subsections (4) and (6).\nSection 144.\nIn Schedule 18, paragraph 14.\n1997 c. 44.\nThe Education Act 1997.\nIn Schedule 7, paragraph 6.\n(16)\nRelevant discounted securities\nThis repeal has effect in accordance with section 65(8) to (12) of this Act.\nChapter\nShort title\nExtent of repeal\n1996 c. 8.\nThe Finance Act 1996.\nIn Schedule 13, paragraph 3(5).\n(17)\nCourt common investment funds\nThe repeal of section 328 of the Taxes Act 1988 and the repeal in 720(5) of that Act have effect in accordance with section 68 of this Act.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nSection 328.\nSection 468AA(3).\nIn section 720(5), the second sentence.\n(18)\nEIS deferred gains\nThis repeal has effect in accordance with section 73 of this Act.\nChapter\nShort title\nExtent of repeal\n1992 c. 12.\nThe Taxation of Chargeable Gains Act 1992.\nIn Schedule 5B, in paragraph 19(1), the definition of “relevant shares”.\n(19)\nAdvance corporation tax: consequences of abolition\nThese repeals have effect in accordance with section 91 of this Act.\nChapter\nShort title\nExtent of repeal\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nIn Schedule 16—\n(a) in paragraph 4(1), the words “Subject to sub-paragraph (3) below,”; and\n(b) paragraph 4(3).\n1990 c. 29.\nThe Finance Act 1990.\nIn Schedule 14, paragraph 13.\n(20)\nGroup relief: reduction in surrenderable amount.\nThis repeal has effect in accordance with section 92 of this Act.\nChapter\nShort title\nExtent of repeal\n1990 c. 29.\nThe Finance Act 1990.\nSection 96.\n(21)\nCompany tax returns, etc.\nThese repeals have effect in accordance with section 93 of this Act.\nChapter\nShort title\nExtent of repeal\n1970 c. 9.\nThe Taxes Management Act 1970.\nIn section 43A(1)(a), the word “where”.\n1988 c. 1.\nThe Income and Corporation Taxes Act 1988.\nSection 411A.\n1990 c. 1.\nThe Capital Allowances Act 1990.\nIn section 145(3), the words “to which section 42 of the Taxes Management Act 1970 applies”.\n1990 c. 29.\nThe Finance Act 1990.\nSection 101.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/III",
    "retrieved_at": "2026-10-29T09:21:57.430446+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}