Section 39

PERIODS THROUGHOUT WHICH CONDITIONS FOR RELIEF MUST BE MET

1(1)  Chapter 3 of Part 5 of TCGA 1992 (transfer of business assets: entrepreneursʼ relief) is amended as follows.

1(2)  In section 169I (material disposal of business assets)–

(a)in subsections (3), (6) and (7A)(b) and (c), for “1 year” substitute “2 years”,

(b)in subsection (4)(a), for “1 year” substitute “2 years”,

(c)in subsections (7) and (7B)(b) and (c), for “1 year” substitute “2 years”, and

(d)after subsection (7) insert–

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