SAIM4090 - Accrued Income Scheme: the holding of securities
Meaning of 바카라 사이트˜holdings바카라 사이트™
ITA07/S675 explains the meaning of the 바카라 사이트˜holding바카라 사이트™ of securities, a term that is relevant for the scheme바카라 사이트™s £5,000 small holdings exemption (SAIM4210),and certain other purposes. A person holds securities at a particular time if he is entitled to them at that time, and he holds securities on a day if he is entitled to them throughout the day or he becomes and does not cease to be entitled to them on that day. Where (as will be usual) securities are transferred pursuant to an agreement, a person becomes entitled to them when the agreement to transfer them to him is made.
ITA07/S675 (2) provides that a person acquires securities when he becomes entitled to them.
ITA07/S675 (3) contains a special provision which applies only for the purposes of the £5,000 exemption for individuals. Where securities are held in the name of a Scottish partnership, the partners are to be treated as entitled to securities held by the firm, and partnership dealings in them are to be treated as dealings by the partners and not by the firm.