Related Commentary  

560(1)  Section 559 does not apply to an investment by virtue of subsection (1)(b), (c) or (d) of that section unless–

(a)condition A is met in relation to the securities, and

(b)if the securities are shares or debenture stock, condition B is met in relation to the securities.

But see subsection (3) of this section.

560(2)  In the case of an investment in securities issued by a company which is incorporated, section 559 does not apply to the investment by virtue of subsection (1)(i) of that section unless–

(a)condition A is met in relation to the securities,

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

No subscription?

Contact us to discuss your requirements.