1034Requirements as to residenceU.K.
This section has no associated Explanatory Notes
(1)The seller must be resident and ordinarily resident in the United Kingdom in the tax year in which the purchase is made.
(2)If the shares are held through a nominee, the nominee must also be resident and ordinarily resident in the United Kingdom in the tax year in which the purchase is made.
(3)The residence and ordinary residence of personal representatives are taken for the purposes of this section to be the same as the deceased person's residence and ordinary residence immediately before that person's death.
(4)The references in this section to a person's ordinary residence are to be ignored in the case of a company.