Paragraph 19 I1
An “appropriate proportion” means an appropriate proportion having regard to—
(a)
the subject-matter of the relevant transaction, and
(b)
what is held at the relevant time by the buyer or, as the case may be, by the buyer and its relevant associated companies.
Annotations
Commencement
- I1
Sch. 10 para. 19 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2