407 Events counting as recovery of capital for section 406
Income Tax Act 2007 (2007 c 3) | Legislation

407  Events counting as recovery of capital for section 406

(1)     An individual is treated as having recovered an amount of capital from a company for the purposes of section 406 if—

(a)     the individual receives consideration of that amount or value—

(i)     for the sale, exchange or assignment of part of the ordinary share capital of the company,

(ii)     by way of repayment of part of that ordinary share capital, or

(iii)

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