Finance Act, 2002
|
Amendment of Part 20 (companies' chargeable gains) of Principal Act. |
36.—Part 20 of the Principal Act is amended— | |
(a) in section 615 (2)(b)(ii) (inserted by the Finance Act, 1999 ) by substituting “relevant Member State” for “Member State of the European Communities” in both places where it occurs, | ||
(b) in section 616— | ||
(i) in subsection (1)(a) by substituting “relevant Member State” for “Member State of the European Communities” in both places where it occurs, and | ||
(ii) by inserting the following after subsection (6): | ||
“(7) For the purposes of this Part— | ||
‘EEA Agreement’ means the Agreement on the European Economic Area signed at Oporto on 2 May 1992, as adjusted by the Protocol signed at Brussels on 17 March 1993; | ||
‘EEA State’ means a state which is a contracting party to the EEA Agreement; | ||
‘relevant Member State’ means— | ||
(a) a Member State of the European Communities, or | ||
(b) not being such a Member State, an EEA State which is a territory with the government of which arrangements having the force of law by virtue of section 826 have been made;”, | ||
(c) in section 621(1) in the definition of “group of companies” (inserted by the Finance Act, 2001 ) by substituting “relevant Member State” for “Member State of the European Communities”, | ||
(d) in section 624(5) by substituting “relevant Member State” for “Member State of the European Communities”, and | ||
(e) in section 629(1) in the definition of “group” by substituting “relevant Member State” for “Member State of the European Communities”. |