Textual Amendments
F1Sch. 5AA inserted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by Finance Act 2002 (c. 23), Sch. 9 para. 3
8(1)In this Schedule “ordinary share capital” has the meaning given by section 832(1) of the Taxes Act and also includes—U.K.
(a)in relation to a unit trust scheme, any rights that are treated by section 99(1)(b) of this Act (application of Act to unit trust schemes) as shares in a company, and
(b)in relation to a company that has no share capital, any interests in the company possessed by members of the company.
(2)Any reference in this Schedule to a reorganisation of a company’s share capital is to a reorganisation within the meaning of section 126.]