Clause 44 - Share exchanges and company reconstructions
Finance Bill
12:00 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
The clarification definitions that the clause covers apply only for CGT purposes, which could lead to anomalies between CGT and other taxes, stamp duty in particular. I flag that up for when we come to the relevant clause. The Chartered Institute of Taxation says that it would like confirmation that the clarification provisions are not intended to introduce any substantive change in the law.