Paragraph 7

Paragraph 30H (double taxation relief on European cross-border merger) is amended as follows.

In sub-paragraph (1)(a) for “to which paragraph 30B(1) applies” substitute “mentioned in paragraph 30B(1)”.

In sub-paragraph (2) for “30B(3) shall not apply” substitute “30B shall not apply in relation to the transfer”.

In sub-paragraph (4) for “assets” substitute “rights and liabilities under the derivative contract”.

In sub-paragraph (5)(a) after “transfer”, in each place, insert “of those rights and liabilities”.