Textual Amendments
F1Sch. 5B inserted (with effect in accordance with Sch. 13 para. 4(4) of the amending Act) by Finance Act 1995 (c. 4), Sch. 13 para. 4(3)
Textual Amendments
F2Sch. 5B para. 6 and cross-heading substituted (with effect in accordance with s. 74(3) of the amending Act) by Finance Act 1998 (c. 36), Sch. 13 para. 33
6(1)Subject to sub-paragraph (2) below, section 306 of the Taxes Act [F3or sections 202(1), 203(1) and 204 to 207 of ITA 2007] shall apply in relation to a claim under this Schedule in respect of [F4the relevant shares] as it applies in relation to a claim for relief under Chapter III of Part VII of [F5the Taxes Act or Part 5 of ITA 2007 in respect of eligible or relevant shares].U.K.
(2)[F6Section 306], as it so applies, shall have effect as if—
(a)any reference to the conditions for the relief were a reference to the conditions for the application of this Schedule;
(b)in subsection (1), the words “(or treated by section 289B(5) as so issued)" were omitted; and
(c)subsections (7) to (9) were omitted.
[F7(3)Sections 202(1), 203(1) and 204 to 207 of ITA 2007, as they so apply, shall have effect as if any reference to the requirements for the relief were a reference to the conditions for the application of this Schedule.]]]
Textual Amendments
F3Words in Sch. 5B para. 6(1) inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 345(5)(a) (with Sch. 2)
F4Words in Sch. 5B para. 6(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by Finance Act 1999 (c. 16), Sch. 8 para. 4(h)
F5Words in Sch. 5B para. 6(1) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 345(5)(a) (with Sch. 2)
F6Words in Sch. 5B para. 6(2) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 345(5)(b) (with Sch. 2)
F7Sch. 5B para. 6(3) inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 345(5)(c) (with Sch. 2)