Disapplication of paragraphs 5 and 6 of Schedule 1A33A

1

If—

a

an election under paragraph 12 has been made in respect of a collective investment vehicle, and

b

there is a disposal of a unit in the vehicle,

nothing in paragraph 5 or 6 of Schedule 1A (exceptions) applies to the disposal.

2

If—

a

an election under paragraph 12 has been made in respect of a qualifying company, and

b

there is a disposal of a unit in the relevant fund,

nothing in paragraph 5 or 6 of that Schedule applies to the disposal so far as it constitutes a disposal of a right or interest in the qualifying company.