[809FZF Unwanted short-term investments]
Income Tax Act 2007 (2007 c 3) | Legislation

[809FZF  Unwanted short-term investments]

[(1)     The making and disposal of an investment for the purposes of an investment scheme are to be disregarded if—

(a)     the investment is an unwanted short-term investment, and

(b)     the unwanted short-term investment is excludable.

(2)     An investment is an unwanted short-term investment where—

(a)     the investment is made as part of a transaction under which one or more other investments are made for the purposes of the scheme,

(b)     the value of the investment does

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