# Finance Act 1989, Paragraph 16

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

In a case where—
(a) a security is the subject of a transfer which falls within section 129(3)of the Taxes Act 1988, and
(b) paragraph 5 above would apply to the transfer (apart from this paragraph),
that paragraph shall not apply to the transfer.

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Source: https://www.legislation.gov.uk/ukpga/1989/26/schedule/11/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-1989/schedule-11/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.