# Finance Act 1986, Section 97AD: Exception for transfers of shares held by issuing company


There is to be no charge to tax under section 93 or 96 in respect of a transfer of shares in a company which are held by the company (whether in accordance with section 724 of the Companies Act 2006 (treasury shares) or otherwise).

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Source: https://www.legislation.gov.uk/ukpga/1986/41/section/97AD (the official version)
Page: https://openlegislation.uk/finance-act-1986/section-97AD
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.