SCHEDULE 14 Sale and Repurchase of Securities: Minor and Consequential Amendments
Finance Act 2007 (2007 c 11) | Legislation

SCHEDULE 14 Sale and Repurchase of Securities: Minor and Consequential Amendments

Section 47

Income and Corporation Taxes Act 1988 (c 1)

1

ICTA is amended as follows.

2

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3

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4

Omit sections 730A and 730B (treatment of price differential on sale and repurchase of securities).

5

Omit section 730BB (exchange gains and losses on sale and repurchase of securities).

6

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7

Omit sections 737A to 737C (sale and repurchase of securities: deemed manufactured payments).

8

Omit section 737E (power to modify sections 730A, 730BB and 737A to 737C).

9

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10

.Ìý.Ìý.

Taxation of Chargeable Gains Act 1992 (c 12)

11

TCGA 1992 is amended as follows.

12

(1)     Section 263A (agreements for sale and repurchase of securities) is amended as follows.

(2)     In subsection (1), for the words from the beginning to “were differentâ€

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