[75C Anti-avoidance: supplemental]
Finance Act 2003 (2003 c 14) | Legislation

[75C  Anti-avoidance: supplemental]

[(1)     A transfer of shares or securities shall be ignored for the purposes of section 75A if but for this subsection it would be the first of a series of scheme transactions.

(2)     The notional transaction under section 75A attracts any relief under this Part which it would attract if it were an actual transaction (subject to the terms and restrictions of the relief).

(3)     The notional transaction under section 75A is a land transaction entered into for the purposes of or in connection with the transfer of an undertaking or part

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