“486C.— (1)(a) In this section—

‘EEA Agreement’ means the Agreement on the European Economic Area signed at Oporto on 2 May 1992, as adjusted by the Protocol signed at Brussels on 17 March 1993;

‘ EEA state ’ means a State, other than the State, which is a Contracting Party to the EEA Agreement;

‘ excepted trade ’ has the same meaning as in section 21A;

‘ net chargeable gains ’ means chargeable gains less allowable losses;

‘ new company ’ means a company incorporated in the State or in an EEA State other than the State on or after 14 October 2008;

‘qualifying assets’, in relation to a qualifying trade, means relevant assets of the qualifying trade which are disposed of in the relevant period in relation to that trade;

‘qualifying trade’ has the meaning assigned to it in subsection (2);

‘relevant asset’, in relation to a qualifying trade means, an asset (including goodwill but not including shares or securities or other assets held as investments) which is, or is an interest in, an asset used for the purposes of that trade other than an asset on the disposal of which no gain accruing would be a chargeable gain or an asset the consideration for the acquisition of which is determined by section 617 or section 631;