Modifications etc. (not altering text)
C1Sch. 4 modified (27.7.1993) by 1993 c. 34, s. 64(2)
8(1)M1Where any deep discount security is disposed of and acquired under a contract, the time at which the disposal and acquisition is made is the time at which the contract is made (and not, if different, the time at which the security is transferred).
(2)If the contract is conditional (and in particular if it is conditional on the exercise of an option) the time at which the disposal and acquisition is made is the time when the condition is satisfied.
Marginal Citations
M1Source—1984 Sch.9 10