Related Commentary  Related HMRC Manuals

406(1)  This section applies if the qualifying change of ownership occurs as a result of section 394 (consortium relationships).

406(2)  In a case where that change arises only because the ownership proportion at the end of the day on which the change occurs is less than the ownership proportion at the start of the day, the amount of the income is limited to the appropriate proportion of the basic amount.

406(3)  The appropriate proportion is found by subtracting the ownership proportion at the end of the day from the ownership proportion at the start of the day.

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