SCHEDULES.

SCHEDULE 13 Capital Gains

PART I Capital Gains Tax and Corporation Tax

Shares in close company transferring assets at an undervalue
5 (1) Paragraph 18 of Schedule 7 to the Finance Act 1965 shall not apply where the transfer of the asset is a disposal to which paragraph 2(1) of Schedule 13 to that Act (transfers within a group of companies) applies.
(2) This paragraph shall have effect for all years of assessment and accounting periods beginning before or after the passing of this Act