560 Conditions to be met for some securities
Income Tax Act 2007 (2007 c 3) | Legislation

560  Conditions to be met for some securities

(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.

(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,

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

(c)

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