SCHEDULE 26 Meaning of “Recognised Stock Exchange” etc
Finance Act 2007 (2007 c 11) | Legislation

SCHEDULE 26 Meaning of “Recognised Stock Exchange” etc

Section 109

Meaning of “recognised stock exchange” etc in Tax Acts and TCGA 1992

1

For section 1005 of ITA 2007 substitute—

“1005 Meaning of “recognised stock exchange” etc

(1)     In the Income Tax Acts “recognised stock exchange” means—

(a)     any market of a recognised investment exchange which is for the time being designated as a recognised stock exchange for the purposes of this section by an order made by the Commissioners for Her Majesty's Revenue and Customs, and

(b)     any market outside the United Kingdom which is for the time being so designated.

(2)     An order under subsection (1) may—

(a)     designate a market by name or by reference to any class or description of market (including, in the case of a market outside the United Kingdom, one framed by reference to any authority or approval given in a country outside the United Kingdom),

(b)     contain incidental, supplemental, consequential and transitional provision and savings, and

(c)     vary or revoke a previous order under that subsection.

(3)     References in the Income Tax Acts to securities which are listed on a recognised stock exchange are to securities—

(a)     which

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Transferred malice

Transferred maliceThe principle of transferred maliceIf a person has a malicious intent towards X and, in carrying out that intent, injures Y, he is guilty of an offence. So, if D shoots at A with intent to kill him but kills B by mistake it is murder; the mistake as to the identity of the victim is

LEXISNEXIS

Mistake in contract law

Mistake in contract lawThis Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake, unilateral mistake, mistake as to identity and mistake as to the document signed (non est factum). It also considers the impact of each of these types of

LEXISNEXIS

Control of asbestos—duty to manage

The Control of Asbestos Regulations 2012 (CAR 2012) place various duties on employers to protect employees from risks related to exposure to asbestos and make it clear that these duties, so far as is reasonably practicable, are also owed to any other person, whether at work or not, who may be

LEXISNEXIS

Negligence—when is the duty of care breached?

Negligence—when is the duty of care breached?Having established that a duty of care exists (see Practice Note: Negligence—when does a duty of care arise?), it is then necessary to consider whether or not there has been a breach of that duty. This will depend on a number of factors outlined below and