Paragraph 13 Commencement: Part 4

United Kingdom

(1)

The amendments made by Part 4 have effect in relation to disposals made on or after the commencement date.

(2)

The amendments made by Part 4 also have effect—

(a)

for the purposes of sections 152 to 157 of TCGA 1992 (roll-over relief on replacement of business asset), in relation to acquisitions that take place on or after the commencement date, and

(b)

for the purposes of section 253 of TCGA 1992 (relief for loans to traders), in relation to claims for a loss to be treated as accruing to a person on or after the commencement date.

(3)

Sub-paragraph (1) is subject to paragraph 19 (business asset disposal relief: disposals relating to pre-commencement businesses).

(4)

In this paragraph, “the commencement date” means—

(a)

for the purposes of corporation tax, 1 April 2025, and

(b)

for the purposes of capital gains tax, 6 April 2025.