This section has no associated Explanatory Memorandum
7.—(1) Paragraph 30H (double taxation relief on European cross-border merger) is amended as follows.
(2) In sub-paragraph (1)(a) for “to which paragraph 30B(1) applies” substitute “mentioned in paragraph 30B(1)”.
(3) In sub-paragraph (2) for “30B(3) shall not apply” substitute “30B shall not apply in relation to the transfer”.
(4) In sub-paragraph (4) for “assets” substitute “rights and liabilities under the derivative contract”.
(5) In sub-paragraph (5)(a) after “transfer”, in each place, insert “of those rights and liabilities”.