48 SDRT: listed securities and connected persons
Finance Act 2019 (2019 c 1) | Legislation

48  SDRT: listed securities and connected persons

(1)     This section applies if a person is connected with a company and—

(a)     the person or the person's nominee agrees to transfer listed securities to the company or the company's nominee (whether or not for consideration), or

(b)     the person or the person's nominee transfers such securities to the company or the company's nominee for consideration in money or money's worth.

(2)     “Listed securities” are chargeable securities which are regularly traded on—

(a)     a regulated market,

(b)     a multilateral trading facility, or

(c)     a recognised foreign exchange,

and expressions used in paragraphs (a) to (c) have the same meaning as in section 88B of FA 1986 (intermediaries: supplementary).

(3)     For the purposes

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