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SCHEDULES

SCHEDULE 2U.K.Capital gains tax reform

Simplification of pooling etcU.K.

87(1)Section 106A (identification of securities: general rules for capital gains tax) is amended as follows.U.K.

(2)After subsection (5) insert—

(5ZA)None of the securities which, by virtue of subsection (5) above, are identified with other securities shall be regarded as forming part of an existing section 104 holding or as constituting a section 104 holding.

(3)In subsection (6), before “securities” (in each place) insert “ relevant ”.

(4)Omit subsection (7).

(5)Omit subsection (8).

(6)For subsection (10) substitute—

(10)In this section—

(7)In the heading, omit “general rules for”.