Schedules

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Taxation of Chargeable Gains Act 1992

232

In section 125(6) (shares in close company transferring assets at an undervalue)—

a

in the definition of “associate” for “section 417 of the Taxes Act” substitute “ section 448 of CTA 2010 ”, and

b

in the definition of “participator” for “section 417 of the Taxes Act” substitute “ section 454 of CTA 2010 ”.