95 Depositary receipts: exceptions
Finance Act 1986 (1986 c 41) | Legislation

95  Depositary receipts: exceptions

(1)ÌýÌýÌýÌý Where securities are transferred—

(a)ÌýÌýÌýÌý to a company which at the time of the transfer falls within subsection (6) of section 67 above .Ìý.Ìý., and

(b)ÌýÌýÌýÌý from a company which at that time falls within that subsection .Ìý.Ìý.,

°Ú.Ìý.Ìý.±Õ there shall be no charge to tax under section 93 above in respect of the transfer.

[(2)ÌýÌýÌýÌý There shall be no charge to tax under section 93 above in respect of a transfer.Ìý.Ìý. or appropriation of a UK bearer instrument, except in the case of—

(a)ÌýÌýÌýÌý an instrument within the exemption conferred by paragraph 16 of Schedule 15 to the Finance Act 1999 (renounceable letters of allotment etc where rights are renounceable

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