Related Commentary  Related HMRC Manuals

122(1)  Where the whole or part of the value transferred is attributable to the value of shares in or securities of a company it shall be taken for the purposes of this Chapter to be attributable (so far as appropriate) to the agricultural value of agricultural property if and only if–

(a)the agricultural property forms part of the company’s assets and part of the value of the shares or securities can be attributed to the agricultural value of the agricultural property, and

(b)the shares or securities gave the transferor control of the company immediately before the transfer.

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