Section 151G Regulations where non-qualifying shares conditions alteredF1

(1)

If the Treasury make regulations under section 533 of CTA 2009 (power to change conditions for non-qualifying shares) adding, varying or removing such a condition as is mentioned in subsection (1) of that section, they may also by regulations amend this Act so as to make provision for or in connection with taxation in the case of any asset or transaction that is or was mentioned in the condition.

(2)

Regulations under this section may—

(a)

make different provision for different cases, and

(b)

make incidental, supplemental, consequential and transitional provisions and savings.

(3)

Regulations made under subsection (2)(b) may, in particular, include provision amending any enactment or any instrument made under an enactment.

Annotations

Textual amendments

F1: Ss. 151E-151G inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 370 (with Sch. 2 Pts. 1, 2)

Notes on Part IV

Modifications

C1: Pt. IV: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)