Corporation Tax Act 2010

Finance Act 1996 U.K.

291 U.K. The Finance Act 1996 is amended as follows.

292 U.K. Omit section 175 (transactions in securities).

293 U.K. In paragraph 11(2D) of Schedule 15 (other adjustments in case of chargeable assets etc) for paragraphs (a) and (b) substitute—

“(a) sections 450 and 451 of the Corporation Tax Act 2010 (meaning of control) apply as they apply for the purposes of Part 10 of that Act;

(b) subject to paragraph (c) below, “associate” and “participator” have the same meaning as in that Part (see sections 448 and 454 of that Act);”.