Related HMRC Manuals

154(1)  The modifications which, under section 60 of the Finance Act 1940, may be made for the purposes of any issue of securities to the conditions about tax exemption specified in section 22 of the Finance (No. 2) Act 1931 shall include a modification by virtue of which the tax exemption contained in any condition of the issue applies, as respects capital, irrespective of where the person with the beneficial ownership of the securities is domiciled.

154(2)  [Omitted by CTA 2009, s. 1322 and Sch. 1, para. 438 and repealed by CTA 2009, s. 1326 and Sch. 3, Pt. 1.]

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