Paragraph 98

(1)

Section 147 (limits on share loss relief) is amended as follows.

(2)

In subsection (1)(b)—

(a)

in sub-paragraph (i), omit “or a 1982 holding” and “or” at the end, and

(b)

for sub-paragraph (ii) substitute—

“(ii)
at a time earlier than the time of the disposal but after 5 April 2008 formed part of a section 104 holding, or
(iii)
at a time earlier than that time and than 6 April 2008 formed part of an old section 104 holding or a 1982 holding, and”.

(3)

In subsection (7)—

(a)

in the definition of “section 104 holding”, after “1992” insert “ and “old section 104 holding” is a holding that was a section 104 holding within the meaning of that provision as it applied in relation to disposals before 6 April 2008 ”, and

(b)

in the definition of “1982 holding”, insert at the end “ as it applied in relation to disposals before 6 April 2008 ”.