SCHEDULES
SCHEDULE 26Meaning of "recognised stock exchange" etc
Valuation of shares listed on recognised stock exchange for purposes of TCGA 1992 etc
4
1
In section 272 of TCGA 1992 (valuation: general), for subsections (3) and (4) substitute—
3
The Treasury may make regulations as to the manner for determining for the purposes of this Act—
a
the market value at any time of shares or securities which are included in the official UK list, and
b
the market value at any time of shares or securities which are listed on a recognised stock exchange outside the United Kingdom.
4
The regulations may—
a
make different provision for different cases, and
b
contain incidental, supplemental, consequential and transitional provision and savings.
2
The amendment made by sub-paragraph (1) has effect where the date of valuation falls on or after such day as may be appointed by the Treasury by order; and different days may be appointed for different purposes.