SCHEDULES

SCHEDULE 16Community investment tax relief

Part 8Supplementary and general

I146Meaning of “issue of securities or shares"

1

In this Schedule—

a

references (however expressed) to an issue of securities of any body are to such securities of that body as carry the same rights and are issued under the same terms and on the same day, and

b

references (however expressed) to an issue of shares in any body are to such shares in that body as are of the same class and issued on the same day.

2

In this Schedule references (however expressed) to an issue of securities of or shares in a body to a person are references to such of the securities or shares in an issue of securities of or shares in that body as are issued to that person in one capacity.