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Part III QUALIFYING SECURITIES WHICH ARE RELEVANT SECURITIES

Original text. Later amendments are not shown.

STEPS 1–5 as in Part II above.
STEP 6—Regulation 9
Number of relevant securities in 1983 holding not forming part of 1982 holding = 9,000 − 1,600= 7,400
Relevant allowable expenditure
= ( 30,000 − 6,400 ) × 32,222 30,000 = £25,348
Expenditure apportioned to securities
£25,348 7,400 = £3.4254
Deemed date of acquisition of those securities—31st March 1984.

SUMMARY

1982 holding: 1,600 securities—relevant allowable expenditure £6,400 (of which £4,800 qualifies for indexation from March 1982 and £1,600 from September 1983).

Other relevant securities: 7,400 securities treated as acquired on 31st March 1984—relevant allowable expenditure £25,348.

3,000 securities treated as acquired on 31st January 1986—relevant allowable expenditure £10,000.