Section 169VQ Exchange of shares for those in another companyF1
(1)
This section applies where section 135 applies in relation to an issue of shares in a company (“company B”) in exchange for shares in another company (“company A”).
(2)
For the purposes of sections 169VN to 169VP—
(a)
companies A and B are to be treated as if they were the same company, and
(b)
the exchange of shares is to be treated as if it were a reorganisation of that company's share capital.
Annotations
Textual amendments
- F1
Pt. 5 Ch. 5 inserted (15.9.2016) by Finance Act 2016 (c. 24), Sch. 14 para. 2
Notes on Part V
Textual amendments
- F1
Words in Pt. 5 heading inserted (15.9.2016) by Finance Act 2016 (c. 24), Sch. 14 para. 1(1)
- F2
Words in Act substituted (with effect for the tax year 2020-21 and subsequent tax years) by Finance Act 2020 (c. 14), Sch. 3 paras. 7(2)(a), 8 (with Sch. 3 para. 7(3))