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Paragraph 58

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where—

(a)

an individual holds qualifying shares, and

(b)

there is, by virtue of any such allotment for payment as is mentioned in section 126(2)(a) of the M1Taxation of Chargeable Gains Act 1992, a reorganisation affecting that holding,

sections 127 to 130 of that Act shall not apply in relation to that holding.

Annotations

Marginal citations

M1

1992 c. 12.

Notes on Schedule 14

Textual amendments

F1

Sch. 14 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)