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Paragraph 10

In Schedule 3 to FA 2008 (entrepreneurs' relief), in paragraph 7 (transitionals: reorganisations)—

(a)

in sub-paragraph (5), for “section 169N(1) to (3)” substitute “ section 169N(1) and (2) ”;

(b)

after sub-paragraph (7) insert—

“(7A)

Section 169N(3) to (4B) is to apply to the deemed chargeable gain found in accordance with sub-paragraphs (5) to (7).”