639 Small holdings: individuals
Income Tax Act 2007 (2007 c 3) | Legislation

639  Small holdings: individuals

(1)     In relation to a transfer with accrued interest or transfer without accrued interest, an individual is an excluded transferor or excluded transferee unless the nominal value of securities held by the individual exceeds £5,000 on any day—

(a)     in the tax year in which the interest period ends, or

(b)     in the previous tax year.

(2)

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