Finance Act 2014, Paragraph 115 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
115(1)Paragraph 38 (exchanges of options on company reorganisation) is amended as follows.U.K.
(2)In sub-paragraph (2) after paragraph (b) omit “or” and insert—
“(ba)obtains control of the scheme company as a result of a non-UK company reorganisation arrangement which has become binding on the shareholders covered by it; or”.
(3)In sub-paragraph (3) after paragraph (b) omit “and” and insert—
“(ba)where control is obtained in the way set out in sub-paragraph (2)(ba), within the period of 6 months beginning with the date on which the non-UK company reorganisation arrangement becomes binding on the shareholders covered by it, and”.
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