SCHEDULES

SCHEDULE 2Transitionals and savings

Part 6Losses on disposal of shares

Excluded activities: provision of services or facilities for another business

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1

In relation to shares issued before 6 April 2007, section 199 (as applied by section 137(7)) applies with the following modifications—

a

in subsections (1) to (4), the substitution of “trade” for “business”, wherever it occurs, and

b

in subsection (5) the substitution for paragraph (b) of—

b

references to a trade, in relation to the provider of the services or facilities, are to be read without regard to the definition of “trade” in section 989, and

c

“trade”, in relation to the other person, includes any business, profession or vocation

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