145(1)Section 1034 of CTA 2010 (purchase by unquoted trading company of own shares: requirements as to residence) is amended as follows.U.K.
(2)In subsections (1) and (2), omit “and ordinarily resident”.
(3)In subsection (3), omit “and ordinary residence” in both places.
(4)Omit subsection (4).
(5)The amendments made by this paragraph do not apply in relation to a purchase by an unquoted trading company of its own shares if the purchase takes place before 6 April 2013.