Schedule 7 to the Finance Act 1997U.K.
21(1)Schedule 7 to the M1Finance Act 1997 shall be amended as follows.U.K.
(2)Paragraph 2 (distributions treated as FIDs) shall cease to have effect.
(3)Paragraphs 4 to 6 (exceptions for stock options, dividends on fixed rate preference shares and pre-sale distributions) shall cease to have effect.
(4)Sub-paragraphs (2) and (3) above have effect in relation to distributions made on or after 6th April 1999.
Marginal Citations