F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)Subject to the repeals made by the Taxation of Chargeable Gains Act 1992, in relation to exchanges made on or after 1st January 1992 section 85 of the M1Capital Gains Tax Act 1979 (exchange of securities for those in another company) shall have effect, and be deemed to have had effect, with the insertion after subsection (1)(b) of “or
(c)company A holds, or in consequence of the exchange will hold, the greater part of the voting power in company B”.
Textual Amendments
F1S. 35(1) repealed (24.7.2002 with effect as mentioned in Sch. 9 paras. 7, 8 of the amending Act) by 2002 c. 23, s. 141, Sch. 40 Pt. 3(2)
Marginal Citations