Related Commentary  Related HMRC Manuals

183(1)  This section applies in any case where, within the period of twelve months immediately following the date of the death in question, there occurs in relation to any qualifying investments comprised in the deceased’s estate immediately before his death (in this section referred to as “the original holding” ) a transaction to which section 127 of the 1992 Act applies, that is to say–

(a)a reorganisation, within the meaning of section 126(1) of that Act; or

(b)the conversion of securities within the meaning of section 132 of that Act; or

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