456 Securities issued to connected persons etc at excessive price: subsequent transfers to connected persons
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

456  Securities issued to connected persons etc at excessive price: subsequent transfers to connected persons

(1)     No loss is taken to occur for the purposes of section 454 on a transfer of a deeply discounted security to a person connected with the transferor if conditions A and B and either

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