Related Commentary  

21B(1)  This regulation only applies to an account that is a junior ISA account.

21B(2)  In this regulation, in relation to a transfer–

“the current year’s subscriptions” means–

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

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

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

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