Amendment of section 89AA of the Finance Act 19862
In section 89AA(2A) of the Finance Act 1986 (exception from the principal charge for repurchases and stock lending)2—
a
omit “and” at the end of paragraph (a), and
b
at the end of paragraph (b) insert
; and
c
that chargeable securities are transferred to P or his nominee and Q or his nominee in pursuance of the arrangement.