SCHEDULES
SCHEDULE 9Chargeable gains: share exchanges and company reconstructions
Part 2Consequential amendments
6Finance Act 2000
1
Schedule 15 to the Finance Act 2000 (c. 17) (corporate venturing scheme) is amended as follows.
2
In paragraph 71 (tax avoidance), in sub-paragraph (1)(b)(ii) for “reconstructions and amalgamations" substitute “
schemes of reconstruction
”
.
3
In paragraph 82(1) (company reconstructions and amalgamations), in the closing words for “company reconstructions and amalgamations" substitute “
share exchanges and company reconstructions
”
.
4
In paragraph 93(7) (identification of shares on a disposal: cases to which section 127 applies)—
a
for “(whether or not by virtue of section 135(3) of that Act)" substitute “
(including a case where that section applies by virtue of any enactment relating to chargeable gains)
”
; and
b
for the words from “shall be construed" to the end substitute “
have the same meaning as in section 127 of the 1992 Act (or, as the case may be, that section as applied by virtue of the enactment concerned)
”
.
5
In paragraph 96 (meaning of “disposal")—
a
in sub-paragraph (2)(a) for “section 136(1)" substitute “
section 136
”
;
b
in sub-paragraph (2)(b) for “sections 135 and 136 of that Act to bona fide reconstructions and amalgamations" substitute “
section 136 of that Act to bona fide schemes of reconstruction
”
.