Part III Income Tax, Corporation Tax and Capital Gains Tax
Chapter I Income Tax and Corporation Tax
Securities
101 Dealers in securities etc.
1
Section 471 of the Taxes Act 1988 (exchange of securities in connection with conversion operations, nationalisation etc.) shall cease to have effect.
2
Section 472 of that Act (distribution of securities issued in connection with nationalisation etc.) shall cease to have effect.
3
Subsection (1) above applies in relation to exchanges made after the day on which this Act is passed.
4
Subsection (2) above applies in relation to issues of securities occurring after that day.