[103H Scheme of reconstruction involving issue of units]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[103H  Scheme of reconstruction involving issue of units]

[(1)     This section applies where—

(a)     for the purposes of, or in connection with, a scheme of reconstruction an arrangement is entered into by all the participants holding units in an original collective investment scheme (“scheme A”), or where there are different classes of units in the scheme, all the participants holding any class of those units, and

(b)     under the arrangement—

(i)     units in a successor collective investment scheme or feeder fund (“scheme B”) are issued

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