The Capital Gains Tax (Parallel Pooling) Regulations 1986

2.  In these Regulations unless the context otherwise requires:—

“new holding” has the meaning given to it by paragraph 9(3) of Schedule 19 with the omission therefrom of the words “or sub-paragraph (2)”;

“qualifying securities” are securities to which Regulation 3 applies;

“relevant securities” has the meaning given to it by section 88(9) of the Finance Act 1982(1);

“Schedule 6” means Schedule 6 to the Finance Act 1983(2);

“Schedule 19” means Schedule 19 to the Finance Act 1985;

“1982 holding” has the meaning given to it by paragraph 6 of Schedule 19;

“1983 holding” is a holding within the meaning of paragraph 3(3) of Schedule 6.

(1)

section 88(9) was amended by paragraph 3 of Schedule 19 to the Finance Act 1985.

(2)

Schedule 6 was amended by section 67 of, and paragraph 11(2) of Schedule 9 and paragraph 6 of Schedule 13 to, the Finance Act 1984 (c.43) and by Part V of Schedule 19 to the Finance Act 1985.