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Income Tax Act 2007
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306(1)Amend section 105A (shares acquired on the same day: elections for alternative treatment) as follows.U.K.
(2)In subsection (4)—
(a)after “Chapter 3 of Part 7 of the Taxes Act” insert “ , relief under Part 5 of ITA 2007 ”,
(b)after “section 299 of the Taxes Act” insert “ or section 246 of ITA 2007 ”,
(c)for “of that Act” substitute “ of the Taxes Act or subsection (3) of section 246 of ITA 2007 ”, and
(d)for “that section” substitute “ section 299 of the Taxes Act or subsection (4) of section 246 of ITA 2007 ”.
(3)In subsection (7)—
(a)after “Chapter 3 of Part 7 of the Taxes Act” insert “ or relief under Part 5 of ITA 2007 ”,
(b)for “that Act” substitute “ the Taxes Act or section 245 of ITA 2007 ”, and
(c)after “that Chapter” insert “ or relief under that Part ”.
(4)After subsection (8) insert—
“(9)In this section references to Part 5 of ITA 2007 or any provision of that Part are to a Part or provision that applies only in relation to shares issued after 5 April 2007.”
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