Taxation of Chargeable Gains Act 1992 (c. 12)

SCHEDULES

SCHEDULE 2 U.K. Assets held on 6th April 1965

Modifications etc. (not altering text)

C1 Sch. 2 modified (retrospective to 11.1.1994) by Finance Act 1994 (c. 9), s. 252(3), Sch. 24 para. 10

C2 Sch. 2 modified (19.9.1994) by Coal industry Act 1994 (c. 21), s. 68(4), Sch. 4 para. 10 (with Sch. 4 para. 14); S.I. 1994/2189, art. 2, Sch.

Part I U.K. Quoted securities

Interpretation of paragraphs 3 to 7 U.K.

8 (1) In paragraphs 3 to 7 above— U.K.

• “quoted securities” means assets to which paragraph 1 above applies,

• “fixed interest security” means any security as defined by section 132,

• “preference share” means any share the holder whereof has a right to a dividend at a fixed rate, but has no other right to share in the profits of the company.

(2) If and so far as the question whether at any particular time a share was a preference share depends on the rate of dividends payable on or before 5th April 1973, the reference in the definition of “preference share” in sub-paragraph (1) above to a dividend at a fixed rate includes a dividend at a rate fluctuating in accordance with the standard rate of income tax.