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Regulation 7

Original text. Later amendments are not shown.

In respect of qualifying securities (“the securities”)—

(a)

the number of the securities which fall to be included in the new holding is given by the formula A − J;

(b)

the relevant allowable expenditure in relation to a disposal by the company of all the securities referred to in paragraph (a) above immediately before 1st April 1985 is given by the formula B − K;

(c)

the indexed pool of expenditure in relation to the securities referred to in paragraph (a) above for the purposes of paragraph 13(2) of Schedule 19 is given by the formula—

( B − K ) ⁢ ( C B + 0.05 ) .