638 Excluded persons: disregard of certain payments and transfers
Income Tax Act 2007 (2007 c 3) | Legislation

Excluded transferors and transferees

638  Excluded persons: disregard of certain payments and transfers

(1)     This section applies if there is a transfer of securities in relation to which a person (“P”) is an excluded transferor or excluded transferee.

(2)     In determining whether P has made accrued income profits or accrued income losses under section 628

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