SCHEDULES

SCHEDULE 2Transitionals and savings

Part 14Tax avoidance

Transactions in securities: appeals to House of Lords

132

1

This paragraph applies until paragraph 47 of Schedule 9 to the Constitutional Reform Act 2005 (c. 4) comes into force.

2

Section 710 has effect until that time as if—

a

references in subsections (1), (2) and (4) to the Supreme Court were references to the House of Lords, and

b

in subsection (3) the words “unless leave has been given under and in accordance with section 1 of the Administration of Justice (Appeals) Act 1934” were substituted for the words “except with the leave of the Court of Appeal or the Supreme Court”.

3

Section 711(4) has effect until that time as if the reference to the Supreme Court were a reference to the House of Lords.