Paragraph 52

United Kingdom

(1)

In relation to shares issued before 7 March 2001, section 192(1) (as applied by section 137(7)) applies with the insertion after paragraph (c) of—

“(ca)
oil extraction activities (within the meaning of Chapter 5 of Part 12 of ICTA),”.

(2)

In the application of sub-paragraph (1) on or after 7 March 2001, shares—

(a)

that were issued on or after 6 April 1998 but before 7 March 2001, and

(b)

to which EIS relief or relief under Schedule 5B to TCGA 1992 was attributable immediately before 7 March 2001,

are treated as having been issued on or after 7 March 2001.

F1(3)

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Annotations

F1: Sch. 2 para. 52(3) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)