C3Part IV Shares, securities, options etc.
C1C2Chapter II Reorganisation of share capital, conversion of securities etc.
Pt. IV Ch. II modified (1.1.1999) by The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177), regs. 1, 39
Pt. IV Ch. II modified (with effect in accordance with s. 63(4) of the amending Act) by Finance Act 2000 (c. 17), Sch. 15 para. 88
F1Transfers concerning companies of different member States
Cross heading inserted (retrosp.) by 1992 c. 48, s.44
140DAF2Securities issued on division of business
1
This section applies where—
a
a transfer of assets to which section 140A(1A) or 140C(1A) applies has taken place,
b
the transferor and the transferee (or each of the transferees) are each resident in a member State,
c
they are not all resident in the same State, and
e
the transfer does not constitute or form part of a scheme of reconstruction within the meaning of section 136.
2
Where this section applies, the transfer shall be treated for the purposes of section 136 as if it were a scheme of reconstruction.
3
Where section 136 applies by virtue of subsection (2) above section 136(6) (and section 137) shall not apply.
Pt. IV: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)