A gain on the transfer of property into settlement may be held over where the property being settled (see ¶357-150) falls into one of the following categories:

an asset (or interest in an asset) used for the purposes of a trade, profession or vocation carried on by the transferor, his personal company or member of a group of which the holding company is the transferor’s personal company;

unquoted shares and securities of a trading company;

shares and securities of a trading company or group holding company where the company or holding company is the transferor’s personal company; and

certain categories of agricultural property.

Example

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