Regulation 4 Application of subsection (3) and section 149B(9)

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg.4(1)(a) rev. in pt. by Income Tax (Stock Lending) 1995 reg.5(a)
reg.4(2) amended by Income Tax (Stock Lending) 1995 reg.5(b)
reg.4 substituted by Income Tax (Stock Lending) 1993 reg.5
reg.4 substituted by Income Tax (Stock Lending) 1996 reg.6
reg.4 added by Income Tax (Stock Lending) 1992 reg.4

Neither subsection (3) nor section 149B(9) shall apply to a transfer, or a disposal and acquisition, made in pursuance of an arrangement mentioned in subsection (1) or (2) unless–

(a)

in relation to an arrangement under which the securities to be transferred are gilt-edged securities, the conditions specified in regulation 5, or

(b)

in relation to an arrangement under which the securities to be transferred are other United Kingdom securities, the conditions specified in regulation 6, or

(c)

in relation to an arrangement under which the securities to be transferred are overseas securities, the conditions specified in regulation 7,

are fulfilled.