SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Taxation of Chargeable Gains Act 1992 (c. 12)

306

1

Amend section 105A (shares acquired on the same day: elections for alternative treatment) as follows.

2

In subsection (4)—

a

after “Chapter 3 of Part 7 of the Taxes Act” insert “ , relief under Part 5 of ITA 2007 ”,

b

after “section 299 of the Taxes Act” insert “ or section 246 of ITA 2007 ”,

c

for “of that Act” substitute “ of the Taxes Act or subsection (3) of section 246 of ITA 2007 ”, and

d

for “that section” substitute “ section 299 of the Taxes Act or subsection (4) of section 246 of ITA 2007 ”.

3

In subsection (7)—

a

after “Chapter 3 of Part 7 of the Taxes Act” insert “ or relief under Part 5 of ITA 2007 ”,

b

for “that Act” substitute “ the Taxes Act or section 245 of ITA 2007 ”, and

c

after “that Chapter” insert “ or relief under that Part ”.

4

After subsection (8) insert—

9

In this section references to Part 5 of ITA 2007 or any provision of that Part are to a Part or provision that applies only in relation to shares issued after 5 April 2007.