[103K Restriction on application of sections 103G, 103H and 103I]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[103K  Restriction on application of sections 103G, 103H and 103I]

[(1)     Subject to subsection (2) below, and section 138, section 103G, 103H or 103I shall not apply to any issue of units in a collective investment scheme in exchange for or in respect of units in another scheme unless the exchange or scheme of reconstruction in question is effected for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is avoidance of liability to capital gains tax, corporation tax or

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