Income Tax Act 2007

This section has no associated Explanatory Notes

116(1)This paragraph applies if an agreement to sell securities was made before 9 April 2003, for the purpose of determining whether section 602 applies.U.K.

(2)Section 601 applies with these modifications.

(3)It applies as if in subsection (1)(c) for “the first or second set of relevant conditions” there were substituted “ subsection (2) ”.

(4)It applies as if in subsection (2) for “This is the first set of relevant conditions” there were substituted “ These are the conditions ”.

(5)It applies as if subsection (3) were omitted.