Article 8 Amendment of Part 2 of Schedule 26 to the Finance Act 2002

Amend paragraph 12 as follows.

In sub-paragraph (1) after paragraph (b) insert—

“(ba)

a depositary receipt, in relation to shares (see sub-paragraph (17));”.

For sub-paragraph (12) substitute—

“(12)

“Share”, in relation to a company, means any share in the company under which an entitlement to receive distributions may arise; and any reference to a share includes a reference to each of the following—

(a)

a depositary receipt for shares under which such an entitlement may arise;

(b)

in the case of a company that has no share capital, any interests in the company possessed by members of the company;”.

After sub-paragraph (16) insert—

“(17)

“Depositary receipt”, in relation to shares (within the meaning of this Schedule) has the same meaning as it has in Part 4 of the Finance Act 1986^f1 in relation to shares (within the meaning of that Part).”.