This section has no associated Explanatory Notes
600(1)Amend section 493 (no charge on acquisition of dividend shares) as follows.U.K.
(2)Omit subsections (1), (2) and (4).
(3)After subsection (3) insert—
“(3A)For the exemption of such amounts from income tax, see section 770 of ITTOIA 2005 (amounts applied by SIP trustees acquiring dividend shares or retained for reinvestment).”