Related Commentary  

129(1)  This section applies for the purpose of calculating the profits of a company's trade if–

(a)the company carries on a banking business, an insurance business or a business consisting wholly or partly of dealing in securities,

(b)a transaction falling within subsection (2) occurs in relation to securities (“the original holding”), and

(c)a profit on the sale of the securities would be brought into account in calculating the trading profits of that business.

129(2)  A transaction falls within this subsection if–

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.