(2) References in section 730A to buying back securities—
(4) For the purposes of this section securities are similar if they entitle their holders—
(2) In section 729 of that Act (sale and repurchase of securities), after subsection (5) there shall be inserted the following subsection—
(5A) This section shall not apply where section 737A applies; and this section shall be disregarded in determining whether the condition in subsection (2)(b) of that section is fulfilled in any case.
(3) In subsections (3)(b), (9) and (11)(c) of section 737C of that Act (adjustment of repurchase price), for "the Tax Acts other than section 737A and of the 1992 Act" there shall be substituted, in each case "section 730A"; and after subsection (11) of that section there shall be inserted the following subsection—
(11A) The deemed increase of the repurchase price which is made for the purposes of section 730A by subsection (3)(b), (9) or (11)(c) above shall also have effect—
wherever in consequence of that increase there is for the purposes of section 730A no difference between the sale price and the repurchase price.