59Consequential amendmentsU.K.
F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)In section 140A of TCGA 1992 (transfer of UK trade)—
(a)in subsection (1)(b) for “securities” substitute “ shares or debentures ”, and
(b)in subsection (7) omit the definition of “securities”.
(4)In section 140C of TCGA 1992 (transfer of non-UK trade)—
(a)in subsection (1)(c) for “securities” substitute “ shares or debentures ”, and
(b)in subsection (9) omit the definition of “securities”.
(5)In paragraph 88(1) and (5) of Schedule 29 to FA 2002 (intangible fixed assets: gains and losses: transferred assets: application for clearance) after “85(5),” insert “ 85A(5), 87A(6), ”.
(6)In paragraph 127 of that Schedule (acquired assets to be treated as existing assets) after sub-paragraph (1)(b)(ii) insert— “, or
(iii)section 140E of that Act (transfer on formation of SE by merger),”.
(7)Subsections (3) and (4) shall have effect in relation to an issue effected on or after 1st April 2005.
Textual Amendments
F1S. 59(1) repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 10 Pt. 1 (with Sch. 9 paras. 1-9, 22)
F2S. 59(2) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 2 para. 70(h)