Section 127 | Company acquisition reliefs: redeemable shares.

(1)Amend section 75 of the Finance Act 1986 (acquisitions: reliefs) in accordance with subsections (2) and (3).

(2)In subsection (4), in paragraph (a) (which requires that the consideration for the acquisition consists of or includes the issue of shares) after “the issue of" insert “ non-redeemable ”.

(3)In subsection (4), after paragraph (b) add—.

(4)Repealed^F1

(5)This section has effect in relation to instruments executed after the day on which this Act is passed.