92 Repayment or cancellation of tax
Finance Act 1986 (1986 c 41) | Legislation

92  Repayment or cancellation of tax

(1)ÌýÌýÌýÌý If, as regards an agreement, tax is charged under section 87 above and it is proved to the Board's satisfaction that at a time [on or after the relevant day (as defined in section 87(3))] but before the expiry of the period of six years [beginning with that day] the conditions mentioned in section 87(4) and (5) [subsections (1A) and (1B) below] have been fulfilled, [subsections (2) to (4A) of this section shall apply].

[(1A)ÌýÌýÌýÌý The first condition is that an instrument is (or instruments are) executed in pursuance of the agreement and the instrument transfers (or the instruments between them transfer) to B or, as the case may be, to his nominee all the chargeable securities to which the agreement relates.

[(1B)ÌýÌýÌýÌý The second condition

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