Paragraph 57
In section 521F (shares becoming or ceasing to be shares to which section 521B applies)—
(a)
in subsection (3), for “its carrying value in” substitute “ its tax-adjusted carrying value based on ”, and
(b)
omit subsection (4).
In section 521F (shares becoming or ceasing to be shares to which section 521B applies)—
in subsection (3), for “its carrying value in” substitute “ its tax-adjusted carrying value based on ”, and
omit subsection (4).