Finance Act 1983

Interpretation

1 (1) In this Schedule—

(a) "the principal Act" means the [1979 c. 14.] Capital Gains Tax Act 1979;

(b) " the 1982 Act" means the [1982 c. 39.] Finance Act 1982 ;

(c) " the qualifying period " has the meaning assigned to it by section 86(1)(b) of the 1982 Act; and

(d) " relevant allowable expenditure " has the meaning assigned to it by subsections (2)(b) and (3) of section 86 of the 1982 Act

(2) For the purposes of this Schedule, " qualifying securities " are securities, as defined in section 88(9) of the 1982 Act, which are neither—

(a) gilt-edged securities, as defined in Schedule 2 to the principal Act; nor

(b) securities which on 6th April 1965 were held by the company making the election concerned and which, disregarding the effect of sections 88 and 89 of the 1982 Act, would for the time being be excluded from the effect of section 65 of the principal Act by virtue of subsection (1)(b) of that section.