Related Commentary  Related HMRC Manuals

72(1)  References in sections 70 and 71 above to relevant securities, or to relevant securities of a company, are to shares in or stock or marketable securities of any company (which, unless otherwise stated, need not be incorporated in the United Kingdom).

72(2)  For the purposes of section 70(2)(b)(ii) and (3) above the value of securities at the date the instrument is executed shall be taken to be the price they might reasonably be expected to fetch on a sale at that time in the open market.

72(3)  [Repealed by FA 1999, s. 139 and Sch. 20, Pt. V(1).]

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