xmlns:atom="http://www.w3.org/2005/Atom"
44(1)Section 1115 (meaning of “new consideration” in Part 23) is amended as follows.
(2)In subsections (5)(a) and (6)(b) for “qualifying” substitute “non-CD”.
(3)After subsection (6) insert—
“(7)In this section “non-CD distribution” means any distribution other than one which is a distribution for the purposes of the Corporation Tax Acts only because it falls within paragraph C or D in section 1000(1) (redeemable share capital or security issued as bonus in respect of shares in, or securities of, the company).”