Section 7
Subsection 6(1) of the principal Act is amended—
ActIn forceProvision 7 of 223
Section 7
(a)
in paragraph (p), by substituting for the full stop at the end of the paragraph a semi colon; and
Finance (No. 2)
(b)
by inserting after paragraph (p) the following paragraph:
“(q) income tax shall be charged upon the chargeable income of a company, limited liability partnership, trust body or co-operative society from each disposal of capital asset in the basis period for a year of assessment at the appropriate rate as specified under Part XXI of Schedule 1.”.