2(1)Section 105 of that Act (relevant business property) shall be amended as follows.
(2)In subsection (1)(b), after “which” there shall be inserted “are unquoted and which”.
(3)In subsection (1), the following paragraph shall be inserted after paragraph (c)—
“(cc)shares in or securities of a company which are quoted and which (either by themselves or together with other such shares or securities owned by the transferor) gave the transferor control of the company immediately before the transfer;”.
(4)The following subsection shall be inserted after subsection (1)—
“(1ZA)In subsection (1) above “quoted”, in relation to any shares or securities, means quoted on a recognised stock exchange and “unquoted”, in relation to any shares or securities, means not so quoted.”
(5)In subsection (2) after “subsection (1)(b)” there shall be inserted “or (cc)”.