PART XVII TAX AVOIDANCE
CHAPTER II TRANSFERS OF SECURITIES
Other transfers of securities
F1730B Interpretation of section 730A.
1
For the purposes of section 730A agreements are related if they are entered into in pursuance of the same arrangement (regardless of the date on which either agreement is entered into).
2
References in section 730A to buying back securities—
a
shall include references to buying similar securities; and
b
in relation to a person connected with the original owner, shall include references to buying securities sold by the original owner or similar securities,
notwithstanding (in each case) that the securities bought have not previously been held by the purchaser; and references in that section to repurchase or to a repurchaser shall be construed accordingly.
3
In section 730A and this section “securities” has the same meaning as in section 737A.
4
For the purposes of this section securities are similar if they entitle their holders—
a
to the same rights against the same persons as to capital, interest and dividends, and
b
to the same remedies for the enforcement of those rights,
notwithstanding any difference in the total nominal amounts of the respective securities or in the form in which they are held or the manner in which they can be transferred.
5
Section 839 (connected persons) applies for the purposes of section 730A.