Part 23

Company distributions
Chapter 3

Matters which are not distributions

Purchase of own shares

Requirements as to residence
1034
1
The seller must be 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 ... in the United Kingdom in the tax year in which the purchase is made.
3
The residence ... of personal representatives are taken for the purposes of this section to be the same as the deceased person's residence ... immediately before that person's death.
4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Words in s. 1034(1)(2) omitted (17.7.2013) by virtue of Finance Act 2013 (c. 29), Sch. 46 para. 145(2) (with Sch. 46 para. 145(5))
Words in s. 1034(3) omitted (17.7.2013) by virtue of Finance Act 2013 (c. 29), Sch. 46 para. 145(3) (with Sch. 46 para. 145(5))
S. 1034(4) omitted (17.7.2013) by virtue of Finance Act 2013 (c. 29), Sch. 46 para. 145(4) (with Sch. 46 para. 145(5))
Pt. 23 applied (with modifications) by 2003 c. 1, s. 554AC(3) (as inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 1 para. 2)