SCHEDULES
SCHEDULE 2Transitionals and savings
Part 6Losses on disposal of shares
Interpretation of Chapter
50
1
In relation to shares issued before 6 April 1998, section 151 applies with the following modifications—
a
in the definition of “excluded company” in subsection (1), the substitution for “in land, in commodities or futures or in shares, securities or other financial instruments” of “in shares, securities, land, trades or commodity futures”,
b
in subsection (7), the insertion after “excluded company” of “or is a non-UK resident”.
F12
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F13
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