Section 89 Consequential amendments.
United Kingdom
In relation to acquisitions of shares or interests in shares on or after 26th October 1987—
for the words from “section 138(1)(a)” to “value of the shares” in F1... section 186(2)(b) (approved profit sharing schemes) of the Taxes Act 1988, and
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
there shall be substituted the words “ section 78 or 79 of the Finance Act 1988 in respect of the shares ”.
Annotations
Textual amendments
- F1
Words in s. 89(a) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 8 Pt. 1 (with Sch. 7)
- F2
S. 89(b) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 8 Pt. 1 (with Sch. 7)
Notes on Chapter II
Modifications
- C1
Pt. III Ch. II (ss. 77-89) applied (6.3.1992 with effect as mentioned in s. 289 of the applying Act) by Taxation of Chargeable Gains Act 1992 (c. 12), ss. 120(1), 289, (with ss. 60, 101(1), 171, 201(3))