C1Part 7Community investment tax relief
Annotations:
Modifications etc. (not altering text)
Chapter 7Supplementary and general
Definitions
379Meaning of “disposal”
1
Subject to subsection (2), in this Part “disposal” is read in accordance with TCGA 1992, and related expressions are read accordingly.
2
An investor is treated as disposing of any securities or shares which but for section 151BC(1) of TCGA 1992 the investor—
a
would be treated as exchanging for other securities or shares by virtue of section 136 of that Act, or
b
would be so treated but for section 137(1) of that Act (which restricts section 136 to genuine reconstructions).
Pt. 7 modified by 2005 c. 7, s. 54A (as inserted (10.7.2008) by The Alternative Finance Arrangements (Community Investment Tax Relief) Order 2008 (S.I. 2008/1821), arts. 1, 2)