Finance (No. 2) Act 1997

Schedule 7 to the Finance Act 1997 U.K.

21 (1) Schedule 7 to the M1 Finance Act 1997 shall be amended as follows. U.K.

(2) Paragraph 2 (distributions treated as FIDs) shall cease to have effect.

(3) Paragraphs 4 to 6 (exceptions for stock options, dividends on fixed rate preference shares and pre-sale distributions) shall cease to have effect.

(4) Sub-paragraphs (2) and (3) above have effect in relation to distributions made on or after 6th April 1999.

Marginal Citations

M1 1997 c. 16.