Finance Act 2020 (c. 14)

SCHEDULES

SCHEDULE 3 U.K. Entrepreneurs' relief

PART 1 U.K. Reduction in lifetime limit

Interpretation U.K.

6 (1) Paragraphs 2 to 5 are to be construed as if they were contained in Chapter 3 of Part 5 of TCGA 1992, subject to sub-paragraph (2). U.K.

(2) In those paragraphs—

• “company A” and “company B” have the same meanings as in section 135 of TCGA 1992;

• “original shares” has the meaning given by section 126 of TCGA 1992;

• “reorganisation” has the meaning given by that section;

• “trading company” and “trading group” have the meanings given by paragraph 1 of Schedule 7ZA to TCGA 1992.