Amendment of Part 9 of Schedule 269
1
Amend paragraph 45H (treatment of net gains and losses on terminal exercise of option) as follows.
2
In sub-paragraph (1)(b), for “exercised to any extent” substitute “to any extent exercised or otherwise disposed of”.
3
In sub-paragraph (2)(b) for paragraphs (i) and (ii) substitute—
i
as a result of the exercise of rights mentioned in sub-paragraph (1)(b); and
ii
in circumstances where a disposal is deemed not to occur by virtue of section 127 of the Taxation of Chargeable Gains Act 19928.