§ Amendments made: No. 48, in page 76, line 26, after `period,' insert—
- `(ee)the transferor is not ordinarily resident in the United Kingdom during the chargeable period in which the transfer occurs and, if he became entitled in the period to any interest on the securities transferred, it would not be liable to income tax by virtue of section 99 of the Taxes Act (securities free of income tax for residents abroad),
- (eee) the securities transferred are FOTRA securities, the transferor is not domiciled in the United Kingdom at any time in the chargeable period in which the transfer occurs, and he is either not ordinarily resident in the United Kingdom during that period or a non-resident United Kingdom trader in that period,'.
§ No. 49, in page 76, line 40, after `(e)' insert', (ee), (eee)'.—[Mr. Peter Rees.]
§
No. 50, in page 77, line 22, at end insert—
'(6) For the purposes of this section "FOTRA securities" means securities issued with the condition mentioned in section 22(1) of the Finance (No. 2) Act 1931 (securities free of tax for residents abroad) as modified by virtue of section 60(1) of the Finance Act 1940.'.—[Mr. Peter Rees.]