SCHEDULES

SCHEDULE 2Transitionals and savings

Part 10Derivative contracts

Existing assets representing creditor relationships: options

84

1

This paragraph applies if—

a

there has been a reorganisation for the purposes of sections 126 to 132 of TCGA 1992, and

b

for the purposes of those sections, the asset mentioned in paragraph 82(4) is treated as the original shares.

2

The reference in paragraph 82(4) to the disposal of that asset is a reference to the disposal of the asset which, as a result of the reorganisation, has become the new holding for the purposes of those sections.