6(1)Subject to sub-paragraph (2)—U.K.
(a)the amendments made by paragraphs 1 and 5(3)(c) apply in relation to costs incurred on or after 27th March 2003;
(b)the amendments made by paragraphs 2, 3 and 5(1), (2) and (4) apply in relation to any loss sustained from the discount on a relevant discounted security transferred or redeemed on or after that date;
(c)the amendments made by paragraphs 4 and 5(3)(a) and (b) apply in relation to any security acquired on or after that date.
(2)The amendments mentioned in sub-paragraph (1)(a) and (b) do not apply in relation to costs incurred, or losses sustained, on the transfer or redemption of a relevant discounted security if—
(a)the person transferring or redeeming the security held it continuously since a time before 27th March 2003, and
(b)the security was listed on a recognised stock exchange at any time before that date.
(3)No losses may be carried forward under paragraph 6(6) of Schedule 13 to the Finance Act 1996 (c. 8) to any year of assessment after 2002-03.