# Finance Act 1989, Paragraph 14

Extent: E+W+S+N.I.

In a case where—
(a) paragraph 5 above would apply (apart from this paragraph) to a transferor redemption of a security, and
(b) immediately before the transfer or redemption was made the security washeld for the purposes of an exempt approved scheme (within the meaning ofChapter I of Part XIV of the Taxes Act 1988),
that paragraph shall not apply to the transfer or redemption.

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Source: https://www.legislation.gov.uk/ukpga/1989/26/schedule/11/paragraph/14 (the official version)
Page: https://openlegislation.uk/finance-act-1989/schedule-11/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.