Finance Act 1988

89 Consequential amendments. U.K.

In relation to acquisitions of shares or interests in shares on or after 26th October 1987—

(a) for the words from “section 138(1)(a)” to “value of the shares” in section 185(3)(a) (approved share option schemes) and section 186(2)(b) (approved profit sharing schemes) of the Taxes Act 1988, and

(b) for the words from “section 79(4)” to “value of the shares” in—

(i) section 53(3)(b) of the M1 Finance Act 1978 (approved profit sharing schemes),

(ii) section 47(1)(b) of the M2 Finance Act 1980 (savings-related share option schemes), and

(iii) section 38(3)(a) of the M3 Finance Act 1984 (approved share option schemes),

there shall be substituted the words “ section 78 or 79 of the Finance Act 1988 in respect of the shares ”.

Marginal Citations

M1 1978 c. 42.

M2 1980 c. 48.

M3 1984 c. 43.