# Income Tax Act 2007, Paragraph 53

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

(1) In relation to shares issued before 6 April 2007, section 193(5)(b) (as applied by section 137(7)) applies with the following modifications—
(a) the insertion after “held” of “by the company”, and
(b) the substitution for “the trader” of “a vendor”.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/53 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-2/paragraph-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.