78 SDRT: unlisted securities and connected persons
Finance Act 2020 (2020 c 14) | Legislation

78  SDRT: unlisted securities and connected persons

After section 48 of FA 2019—

“48A SDRT: unlisted securities and connected persons

(1)     This section applies if a person is connected with a company and—

(a)     the person or the person's nominee—

(i)     agrees to transfer unlisted securities to the company or the company's nominee for consideration in money or money's worth, or

(ii)     transfers such securities to the company or the company's nominee for consideration in money or money's worth, and

(b)     some or all of the consideration consists of the issue of shares.

(2)     In this section “unlisted securities” means chargeable

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