# Income Tax Act 2007, Paragraph 306


(1) Amend section 105A (shares acquired on the same day: elections for alternative treatment) as follows.
(2) In subsection (4)—
(a) after “Chapter 3 of Part 7 of the Taxes Act” insert “ , relief under Part 5 of ITA 2007 ”,
(b) after “section 299 of the Taxes Act” insert “ or section 246 of ITA 2007 ”,
(c) for “of that Act” substitute “ of the Taxes Act or subsection (3) of section 246 of ITA 2007 ”, and
(d) for “that section” substitute “ section 299 of the Taxes Act or subsection (4) of section 246 of ITA 2007 ”.
(3) In subsection (7)—
(a) after “Chapter 3 of Part 7 of the Taxes Act” insert “ or relief under Part 5 of ITA 2007 ”,
(b) for “that Act” substitute “ the Taxes Act or section 245 of ITA 2007 ”, and
(c) after “that Chapter” insert “ or relief under that Part ”.
(4) After subsection (8) insert—
“(9) In this section references to Part 5 of ITA 2007 or any provision of that Part are to a Part or provision that applies only in relation to shares issued after 5 April 2007.”

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-306
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.