# Income Tax Act 2007, Paragraph 50

Extent: E+W+S+N.I.

(1) In relation to shares issued before 6 April 1998, section 151 applies with the following modifications—
(a) in the definition of “excluded company” in subsection (1), the substitution for “in land, in commodities or futures or in shares, securities or other financial instruments” of “in shares, securities, land, trades or commodity futures”,
(b) in subsection (7), the insertion after “excluded company” of “or is a non-UK resident”.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/50 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-2/paragraph-50
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.