87(1)Section 106A (identification of securities: general rules for capital gains tax) is amended as follows.
(2)After subsection (5) insert—
“(5ZA)None of the securities which, by virtue of subsection (5) above, are identified with other securities shall be regarded as forming part of an existing section 104 holding or as constituting a section 104 holding.”
(3)In subsection (6), before “securities” (in each place) insert “relevant”.
(4)Omit subsection (7).
(5)Omit subsection (8).
(6)For subsection (10) substitute—
“(10)In this section—
“securities” means any securities within the meaning of section 104 or any relevant securities, and
“relevant securities” means—
securities within the meaning of Chapter 2 of Part 12 of ITA 2007 (accrued income profits),
qualifying corporate bonds, and
securities which are, or have at any time been, material interests in a non-qualifying offshore fund, within the meaning of Chapter 5 of Part 17 of the Taxes Act.”
(7)In the heading, omit “general rules for”.