The Personal Equity Plan (Amendment No. 2) Regulations 1988

• Citation: S.I. 1988/1348
• Sections: 3

Section 1 Citation and commencement

These Regulations may be cited as the Personal Equity Plan (Amendment No. 2) Regulations 1988 and shall come into force on 22nd August 1988 but shall apply in relation to losses accruing on the disposal of investments on or after 18th January 1988.

Section 2 Interpretation

In these Regulations, “the Principal Regulations ” means the Personal Equity Plan Regulations 1986 and “Regulation” means a Regulation of the Principal Regulations.

Section 3 Amendment to the Principal Regulations

In Regulation 22 after the words “plan investments” there shall be inserted “, losses in respect of plan investments shall be disregarded for the purposes of capital gains tax”.