Income Tax Act 2007 (c. 3)

SCHEDULES

SCHEDULE 2 U.K. Transitionals and savings

Part 6 U.K. Losses on disposal of shares

Disposals of new shares U.K.

39 (1) In relation to new shares issued before 6 April 2007, section 136(2) applies with the omission of “This is subject to section 145(3).” U.K.

(2) In this paragraph “new shares” is to be read in accordance with section 145.