Paragraph 4

(1)

Section 2D (CGT on ATED-related gains: the threshold amount) is amended as follows.

(2)

In subsection (2) for “£1 million” substitute “ £500,000 ”.

(3)

In subsection (3) for “£1 million” substitute “ £500,000 ”.

(4)

In subsection (5) for “ “£1 million”” substitute “ “£500,000” ”.

(5)

The amendments made by this paragraph have effect in relation to disposals occurring on or after 6 April 2016.