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Finance Act 1989

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This is the original version (as it was originally enacted).

23(1)The Treasury may make regulations amending paragraph 2 above so as to do one or more of the following—

(a)vary any condition for the time being set out in that paragraph;

(b)omit any condition for the time being so set out;

(c)add a new condition to any for the time being so set out;

(d)substitute a condition or conditions for any condition or conditions for the time being so set out.

(2)Regulations under sub-paragraph (1) above—

(a)shall be made by statutory instrument subject to annulment in pursuance of a resolution of the House of Commons,

(b)shall apply where there is a transfer within the meaning of this Schedule, or a redemption, on or after such day as may be specified in the regulations, and

(c)may include such supplementary, incidental, consequential or transitional provisions as appear to the Treasury to be necessary or expedient.

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