Schedules

SCHEDULE 2U.K.Transitionals and savings etc

Part 5 U.K.Losses on disposal of shares

Excluded activities: wholesale and retail distributionU.K.

44U.K.In relation to shares issued before 6 April 2007, section 193(5)(b) of ITA 2007 (as applied by section 79(7) of this Act) applies with the following modifications—

(a)the insertion after “held” of “ by the company ”, and

(b)the substitution for “the trader” of “ a vendor ”.