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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2001 - onwards
    Version 1 of 1    

848G. Acquisition of qualifying assets.

(1) Qualifying assets held in a special savings incentive account, managed by a qualifying savings manager and beneficially owned by a qualifying individual may not at any time -

(a) be purchased (or otherwise acquired) by the qualifying savings manager, otherwise than -

(i) out of money which the qualifying savings manager holds in the account, and

(ii) by way of a bargain made at arm's length,

(b) be purchased from the qualifying individual or any person connected with that individual (within the meaning of section 10), or

(c) be connected with any other asset or liability of the qualifying individual or any other person connected with that individual (within the meaning of section 10) and for this purpose a qualifying asset is connected with another asset or a liability if the terms under which either asset or the liability is acquired and held would be different if the qualifying asset, the other asset or the liability, had not been acquired and held.

(2) Shares fulfil the conditio

Comparing proposed amendment...