SCHEDULES

SCHEDULE 39Repeal of miscellaneous reliefs etc

PART 7Miscellaneous

48Deeply discounted securities: incidental expenses

1

In section 455 of ITTOIA 2005 (listed securities held since 26 March 2003: calculating the profit or loss on disposals)—

a

in subsection (1), after “incurred” insert “before 6 April 2015”, and

b

in subsection (3)(b), after “incurred” insert “before 6 April 2015”.

2

The amendments made by this paragraph have effect for the tax year 2015-16 and subsequent tax years.