45(1)In relation to shares issued before 6 April 2006, section 142 applies with the substitution in subsections (1) and (2)—U.K.
(a)of “£15 million” for “£7 million”, and
(b)of “£16 million” for “£8 million”.
(2)For the purposes of sub-paragraph (1) shares issued on or after 6 April 2006 to a person who subscribed for them before 22 March 2006 are treated as having been issued before 6 April 2006.
(3)Section 142 does not apply in relation to shares issued before 6 April 1998.
(4)Sub-paragraphs (1) to (3) apply in relation to section 576G of ICTA (which makes corresponding provision for the purposes of corporation tax) as they apply in relation to section 142.