Point in time view as at 07/04/2005.
There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Section 716.
(1)A person who meets conditions A and B may not bring into account for income tax purposes—
(a)any amount relating to changes in the value of a FOTRA security, or
(b)expenses related to holding it or to any transaction concerning it.
(2)Condition A is that the person is the beneficial owner of the security.
(3)Condition B is that the person is a person who would be exempt from tax on the security under this Chapter.
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