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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 25 December 2017 - onwards

30. Amendment of Chapter 6 of Part 19 of Principal Act (transfers of business assets)

(1) Section 597AA of the Principal Act is amended -

(a) in subsection (2)(b) -

(i) in subparagraph (ii), by substituting "land," for "land, or",

(ii) in subparagraph (iii), by substituting "chargeable gains," for "chargeable gains.", and

(iii) by inserting the following subparagraphs after subparagraph (iii) -

"(iv) subject to subsection (8), goodwill which is disposed of directly or indirectly to a company, where, immediately following the disposal, the individual is connected with the company, or

(v) subject to subsection (8), shares or securities in a company which are disposed of directly or indirectly to another company, where, immediately following the disposal, the individual is connected with the first-mentioned company.",

and

(b) by inserting the following subsections after subsection (5):