Income Tax Act 2007 (c. 3)

SCHEDULES

SCHEDULE 2 U.K. Transitionals and savings

Part 6 U.K. Losses on disposal of shares

Substitution of new shares for old shares U.K.

49 (1) Section 146 does not apply in relation to shares issued before 6 April 1998. U.K.

(2) Sub-paragraph (1) applies in relation to section 576K of ICTA (which makes corresponding provision for the purposes of corporation tax) as it applies in relation to section 146.