Section 203: Certain disposals of investments
779.This section sets out the requirements for relief. It is based on section 587B(1) and (2) of ICTA.
780.Subsection (3) prevents relief under section 105(2) of CTA 2009 where relief is given under this section. Section 105 of CTA 2009 deals with gifts of “articles” manufactured, or of a class or description sold by, the donor in the course of the trade. It is considered that this may include certain shares or securities which fall within this section.