ANNEX 1:: MINOR CHANGES IN THE LAW MADE BY THE BILL Share loss relief
Section 137, relating to share loss relief under Chapter 6 of Part 4 of this Act, and new section 576B of ICTA introduced by Schedule 1, relating to share loss relief under Chapter 5A of Part 13 of ICTA, correspond to section 181, with modifications. They both include in subsection (7) a definition of “non-qualifying activities” which is identical to that in section 181(8) and a definition of “excluded activities” which by cross reference to section 192 is identical to that applying for the purposes of section 181.
The change made in section 194 is, accordingly, replicated in the definition of “non‑qualifying activities” for the purposes of section 137 of this Act and section 576B of ICTA. See also Schedule 2 Part 6 (excluded activities: leasing of ships).