54 Amendments consequential on sections 50 to 53
Finance Act 1998 (1998 c 36) | Legislation

54  Amendments consequential on sections 50 to 53

(1)     The Taxation of Chargeable Gains Act 1992 shall be amended as follows.

(2)     After subsection (5) of section 120 (increase of expenditure by reference to tax charged in relation to shares) there shall be inserted the following subsections—

“(5A)     Where an amount is chargeable to tax under section 140A of the Taxes Act in respect of—

(a)     the acquisition or disposal of any interest in shares, or

(b)     any interest in shares ceasing to be only conditional,

the relevant amount is a sum equal to the amount so chargeable.

(5B)

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