9(1)Section 171 of TCGA 1992 (transfers within a group: general provisions) is amended as follows.U.K.
(2)After subsection (3) insert—
“(3A)Subsection (1) above does not apply—
(a)if section 91A of the Finance Act 1996 (shares subject to third party obligations)—
(i)does not apply in the case of the asset in relation to company A immediately before the disposal, but
(ii)does apply in the case of the asset in relation to company B immediately after its acquisition, or
(b)if that section—
(i)applies in the case of the asset in relation to company A immediately before the disposal, but
(ii)does not apply in the case of the asset in relation to company B immediately after its acquisition.”.
(3)The amendment made by this paragraph has effect in any case where the disposal is on or after 16th March 2005.