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Section 199.
F11U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 38 para. 1 repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 10 Pt. 12 (with Sch. 9 paras. 1-9, 22)
2(1)For the second and the last occurrences of the word “quoted” in each of—U.K.
(a)sections 105(1ZA) and 113A(3B) of the M1Inheritance Tax Act 1984 (meaning of “quoted” etc.), and
(b)the paragraph in section 272 of that Act (general interpretation) which defines “quoted” and “unquoted”,
there shall be substituted “ listed ”.
(2)This paragraph has effect—
(a)in relation to transfers of value on or after 1st April 1996; and
(b)for the purposes of any charge to tax by reason of an event occurring on or after 1st April 1996, in relation to transfers of value before that date.
Marginal Citations
3(1)In section 180(3) of that Act (whether two investments are of the same description), for “quoted” there shall be substituted “ listed ”.U.K.
(2)This paragraph has effect in relation to any time falling on or after 1st April 1996.
4(1)In section 178(2) of that Act (shares or investments whose quotation is suspended at time of death)—U.K.
(a)for “quotation” there shall be substituted “ listing ”; and
(b)for “quoted” there shall be substituted “ so listed or dealt in ”.
(2)In section 186B(1) of that Act (shares or investments whose quotation is suspended at the end of the relevant period), for “quotation” there shall be substituted “ listing ”.
(3)This paragraph has effect in relation to investments sold, or treated as sold, on or after 1st April 1996.
5(1)In each of sections 227(1AA) and 228(5) of that Act (meaning of “unquoted”), for the word “quoted” there shall be substituted “ listed ”.U.K.
(2)This paragraph has effect—
(a)in relation to transfers of value on or after 1st April 1996; and
(b)for the purposes of any charge to tax by reason of an event occurring on or after 1st April 1996, in relation to transfers of value before that date.
6(1)In each of the provisions of the Taxes Act 1988 listed in sub-paragraph (2) below, for “quoted” (wherever occurring) there shall be substituted “ listed ”.U.K.
(2)The provisions referred to in sub-paragraph (1) above are—
[F2(a)paragraph (b) of the definition of “quoted Eurobond” in section 124(6);]
F3(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F4(c)section 246S(3)(c) and (e);]
F5(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F6(e). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F7(f). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F8(g). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F8(h). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(j)paragraph 11(a) and (c) of Schedule 9;
(k)paragraph (c) of paragraph 1(5C) of Schedule 18;
(l)paragraph 5 of Schedule 20; F9...
F9(m). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F2(3)So far as relating to the provision mentioned in sub-paragraph (2)(a) above, sub-paragraph (1) above has effect in relation to any interest paid on a quoted Eurobond on or after 1st April 1996.]
F10(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5)So far as relating to the provisions mentioned in sub-paragraph [F11(2)(c)] F12... above, sub-paragraph (1) above has effect in relation to accounting periods ending on or after 1st April 1996.
F13(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F14(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F15(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(9)So far as relating to the provision mentioned in sub-paragraph (2)(h) above, sub-paragraph (1) above has effect in relation to relevant periods ending on or after 1st April 1996.
(10)So far as relating to the provisions mentioned in sub-paragraph (2)(j) and (k) above, sub-paragraph (1) above has effect in relation to any time falling on or after 1st April 1996.
(11)So far as relating to the provision mentioned in sub-paragraph (2)(l) above, sub-paragraph (1) above has effect in relation to chargeable periods ending on or after 1st April 1996.
Textual Amendments
F2Sch. 38 para. 6(2)(a)(3) repealed (28.7.2000 with effect as mentioned in Sch. 40 Pt. II(17) Note 2 of the amending Act) by 2000 c. 17, s. 156, Sch. 40 Pt. II(17)
F3Sch. 38 para. 6(2)(b) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)
F4Sch. 38 para. 6(2)(c) repealed (31.7.1997 with effect in accordance with s. 36, Sch. 6 of the amending Act) by 1997 c. 58, s. 52, Sch. 8 Pt. II(11), Note
F5Sch. 38 para. 6(2)(d) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)
F6Sch. 38 para. 6(2)(e) repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
F7Sch. 38 para. 6(2)(f) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)
F8Sch. 38 para. 6(2)(g)(h) repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
F9Sch. 38 para. 6(2)(m) and word repealed (with effect in accordance with Sch. 15 of the amending Act) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(15)
F10Sch. 38 para. 6(4) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)
F11Words in Sch. 38 para. 6(5) repealed (31.7.1997 with effect in accordance with s. 36, Sch. 6 of the amending Act) by 1997 c. 58, s. 52, Sch. 8 Pt. II(11), Note
F12Words in Sch. 38 para. 6(5) repealed (with effect in accordance with Sch. 15 of the amending Act) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(15)
F13Sch. 38 para. 6(6) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)
F14Sch. 38 para. 6(7) repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
F15Sch. 38 para. 6(8) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)
F167U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F16Sch. 38 para. 7 repealed (19.7.2007) by Finance Act 2007 (c. 11), Sch. 27 Pt. 6(5)
F178U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F17Sch. 38 para. 8 repealed (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 3 (with Sch. 2)
F189U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F18Sch. 38 para. 9 omitted (with effect in accordance with s. 66(8) of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 66(4)(g)(ii)
10(1)In each of the provisions of the Taxation of Chargeable Gains Act 1992 listed in sub-paragraph (2) below, for the word “quoted” (wherever occurring) there shall be substituted “ listed ”.U.K.
(2)The provisions referred to in sub-paragraph (1) above are—
(a)section 144(8)(b);
(b)the definition of “unquoted company” in section 164N(1);
F19(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(d)section 276(2)(c) and (6);
(e)section 281(3)(c); and
F19(f). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)So far as relating to the provisions mentioned in sub-paragraph (2)(a) and (c) to (f) above, sub-paragraph (1) above has effect in relation to disposals on or after 1st April 1996.
(4)So far as relating to the provision mentioned in sub-paragraph (2)(b) above, sub-paragraph (1) above has effect in relation to acquisitions of qualifying investments (within the meaning of section 164A of that Act) on or after 1st April 1996.
Textual Amendments
F19Sch. 38 para. 10(2)(c)(f) repealed (28.7.2000 with effect in relation to disposals made on or after 9.11.1999) by 2000 c. 17, s. 156, Sch. 40 Pt. II(10) Note 2
11(1)In section 146(4)(b) of that Act (definition of “quoted shares and securities”), for the words “have a quoted market value” there shall be substituted the words “ are listed ”.U.K.
(2)This paragraph has effect in relation to disposals of options on or after 1st April 1996.
12F20(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
(2)In Schedule 11 to that Act (transitional provisions and savings), in paragraph 7(1)(a) (modification of section 272(3) when ascertaining market values before 25th March 1973), for “listed” there shall be substituted “ quoted ”.
(3)This paragraph has effect where the relevant date falls on or after 1st April 1996.
Textual Amendments
F20Sch. 38 para. 12(1) repealed (19.7.2007) by Finance Act 2007 (c. 11), Sch. 27 Pt. 6(5)
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