727Stock lending
(1)The effect of section 129(3) shall be disregarded in construing section 715(1)(a) and (2)(a).
(2)Where securities are transferred in circumstances such that by virtue of section 149B(9) of the 1979 Act (capital gains tax exemption) any disposal and acquisition are disregarded for the purposes of capital gains tax, sections 713(2) and (3) and 716 shall not apply.