566Meaning of “UK shares” and “UK securities”U.K.
This section has no associated Explanatory Notes
(1)This section applies for the purposes of this Part.
(2)“” means shares in a UK resident company.
(3)“UK securities” means securities of—
(a)the government of the United Kingdom,
(b)a local authority in the United Kingdom,
(c)another public authority in the United Kingdom, or
(d)a UK resident company or other UK resident body.
(4)But “UK securities” does not include UK shares.
(5)In this section “securities” includes loan stock or any similar security.