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