Part 23Company distributions

Chapter 3Matters which are not distributions

Purchase of own shares

1034Requirements as to residence

(1)

The seller must be resident F1... in the United Kingdom in the tax year in which the purchase is made.

(2)

If the shares are held through a nominee, the nominee must also be resident F1... in the United Kingdom in the tax year in which the purchase is made.

(3)

The residence F2... of personal representatives are taken for the purposes of this section to be the same as the deceased person's residence F2... immediately before that person's death.

F3(4)

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