161 Earn-out rights to be treated as securities unless contrary election
Finance Act 2003 (2003 c 14) | Legislation

161  Earn-out rights to be treated as securities unless contrary election

(1)     Section 138A of the Taxation of Chargeable Gains Act 1992 (c 12) (use of earn-out rights for exchange of securities) is amended as follows.

(2)     In subsection (2) (seller's right to elect for earn-out right to be treated as security of new company)—

(a)     at the end

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