# Finance Act 2009, Paragraph 4


(1) Paragraph 9 (other reconstructions and amalgamations) is amended as follows.
(2) For sub-paragraph (1) substitute—
“(1) This paragraph applies if section 135 or 136 (company reconstructions) applies in relation to shares to which deferral relief, but not relief under Part 5 of ITA 2007 (or Chapter 3 of Part 7 of the Taxes Act), is attributable.
(1A) Paragraphs 3 and 4 of this Schedule have effect as if section 135 or 136 did not apply in relation to the shares.”
(3) In sub-paragraph (2), for “Sub-paragraph (1) above shall not have effect to disapply section 135 or 136 where” substitute “ Sub-paragraph (1A) does not apply if ”.
(4) For sub-paragraph (3) substitute—
“(3) Sub-paragraph (1A) does not apply if paragraph 8 applies in relation to the shares.”

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-8/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.