Finance (No. 2) Act 2010 (c. 31)

SCHEDULES

SCHEDULE 1 U.K. Rates of capital gains tax

Amendments of FA 2008 U.K.

10 U.K. In Schedule 3 to FA 2008 (entrepreneurs' relief), in paragraph 7 (transitionals: reorganisations)—

(a) in sub-paragraph (5), for “section 169N(1) to (3)” substitute “ section 169N(1) and (2) ”;

(b) after sub-paragraph (7) insert—

“(7A) Section 169N(3) to (4B) is to apply to the deemed chargeable gain found in accordance with sub-paragraphs (5) to (7).”