Related Commentary  Related CasesRelated HMRC Manuals

116(1)  This section shall have effect in any case where a transaction occurs of such a description that, apart from the provisions of this section–

(a)sections 127 to 130 would apply by virtue of any provision of Chapter II of this Part; and

(b)either the original shares would consist of or include a qualifying corporate bond and the new holding would not, or the original shares would not and the new holding would consist of or include such a bond;

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