Meaning of “issue of securities or shares"U.K.
46(1)In this Schedule—
(a)references (however expressed) to an issue of securities of any body are to such securities of that body as carry the same rights and are issued under the same terms and on the same day, and
(b)references (however expressed) to an issue of shares in any body are to such shares in that body as are of the same class and issued on the same day.
(2)In this Schedule references (however expressed) to an issue of securities of or shares in a body to a [F1company] are references to such of the securities or shares in an issue of securities of or shares in that body as are issued to that [F1company] in one capacity.
Textual Amendments
F1Word in Sch. 16 para. 46(2) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 419(32) (with Sch. 2)
Commencement Information
I1Sch. 16 para. 46 in force at 23.1.2003 by S.I. 2003/88, arts. 2, 3