# Finance Act 2022, Paragraph 49: Transactions in securities rules

Extent: E+W+S+N.I.

Section 684 of ITA 2007 (person liable to counteraction of income tax advantage) does not apply to a person if—
(a) that section would (ignoring this paragraph) only apply to the person as a result of the person being a party to a transaction in securities, or two or more transactions in securities, where the securities in question are securities of a QAHC, and
(b) the securities are not qualifying employment-related securities (within the meaning given by paragraph 47(3)) in relation to the person.

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/2/paragraph/49 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-2/paragraph-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.