Amendment of Part 2 of Schedule 26 to the Finance Act 20028
1
Amend paragraph 12 as follows.
2
In sub-paragraph (1) after paragraph (b) insert—
ba
a depositary receipt, in relation to shares (see sub-paragraph (17));
3
For sub-paragraph (12) substitute—
12
“Share”, in relation to a company, means any share in the company under which an entitlement to receive distributions may arise; and any reference to a share includes a reference to each of the following—
a
a depositary receipt for shares under which such an entitlement may arise;
b
in the case of a company that has no share capital, any interests in the company possessed by members of the company;
4
After sub-paragraph (16) insert—
17
“Depositary receipt”, in relation to shares (within the meaning of this Schedule) has the same meaning as it has in Part 4 of the Finance Act 19864 in relation to shares (within the meaning of that Part).