SCHEDULES

SCHEDULE 2Transitionals and savings

Part 6Losses on disposal of shares

Excluded activities: wholesale and retail distribution

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1

In relation to shares issued before 6 April 2007, section 193(5)(b) (as applied by section 137(7)) applies with the following modifications—

a

the insertion after “held” of “by the company”, and

b

the substitution for “the trader” of “a vendor”.

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