Related Commentary  

21(1)  In this regulation, in relation to a transfer of an account that is not a junior ISA account–

the current year’s subscriptions” means–

(a)subscriptions made to the account by the account investor in the year in which the transfer takes place, but before the transfer,

(b)subscriptions made to any other account by the account investor in the year in which the transfer takes place and transferred to the account before the transfer, and

(c)the qualifying investments and other proceeds (including income and any government bonus) representing the subscriptions in sub-paragraphs (a) and (b) of this definition;

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