Paragraph 3
(1)
Section 2D (CGT on ATED-related gains: the threshold amount) is amended as follows.
(2)
In subsection (2) for “£2 million” substitute “ £1 million ”.
(3)
In subsection (3) for “£2 million” substitute “ £1 million ”.
(4)
In subsection (5) for “ “£2 million”” substitute “ “£1 million” ”.
(5)
The amendments made by this paragraph have effect in relation to disposals occurring in the tax year 2015-16.