For paragraph 6 there shall be substituted the following paragraph—

“ Claims

6

(1)

Subject to sub-paragraph (2) below, section 306 of the Taxes Act shall apply in relation to a claim under this Schedule in respect of relevant shares as it applies in relation to a claim for relief under Chapter III of Part VII of that Act in respect of eligible shares.

(2)

That section, as it so applies, shall have effect as if—

(a)

any reference to the conditions for the relief were a reference to the conditions for the application of this Schedule;

(b)

in subsection (1), the words “(or treated by section 289B(5) as so issued)" were omitted; and

(c)

subsections (7) to (9) were omitted.”