Regulation 13 Amendments to the principal Regulations

(1)

Regulation 27^f1 shall be amended as follows.

(2)

In paragraphs (2) and (3), in the subsections (12) and (14) treated as added to section 106A of the Taxation of Chargeable Gains Act 1992^f2—

(a)

before the words “regulation 4(2A)(a), (b) or (c)” wherever they occur there shall be inserted the words “the former”;

(b)

before “regulation 4A(2)” wherever it occurs there shall be inserted the words “the former”; and

(c)

before “4A(2)” wherever it occurs not preceded by the word “regulation” there shall be inserted the words “the former regulation”.

(3)

In paragraph (2), in the subsection (13)(a) treated as added to that section—

(a)

there shall be inserted at the beginning the words

““the former regulation 4(2A)(a), (b) or (c)” (certain public offer shares, certain shares resulting from a building society demutualisation or certain shares resulting from the demutualisation of a mutual insurer), “the former regulation 4A(2),””; and

(b)

the words from “and “regulation”” to the end shall be omitted.

(4)

In paragraph (4) for the words from “ordinary shares” to “qualifying securities” there shall be substituted the words “qualifying investments for plans falling within any of sub-paragraphs (a), (b), (f) to (j), (l) or (m) of regulation 6(2)”.

Annotations

Footnotes

f1: Regulation 27 was amended by S.I. 1998/1869.
f2: Section 106A was inserted by section 124(1) of the Finance Act 1998 (c. 36).