Part IV Income Tax, Corporation Tax and Capital Gains Tax
Chapter VI Miscellaneous provisions
Investments
154FOTRA securities.
1
The modifications which, under section 60 of the M1Finance Act 1940, may be made for the purposes of any issue of securities to the conditions about tax exemption specified in section 22 of the M2Finance (No. 2) Act 1931 shall include a modification by virtue of which the tax exemption contained in any condition of the issue applies, as respects capital, irrespective of where the person with the beneficial ownership of the securities is domiciled.
F22
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F33
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F14
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F45
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F56
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7
Schedule 28 to this Act (which contains amendments consequential on the provisions of this section) shall have effect.
F68
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9
This section and Schedule 28 to this Act shall have effect—
a
for the purposes of income tax, for the year 1996-97 and subsequent years of assessment; and
b
for the purposes of corporation tax, for accounting periods ending after 31st March 1996.