ihta84/s109A.- [Additional requirement in case of minority shareholdings.

109A. - Shares in a company do not fall within subsection (1)(bb) of section 105 above unless the condition specified in subsection (1A) of that section was satisfied -

(a) throughout the two years immediately preceding the transfer, or

(b) where section 108 or section 109 above applies and the transferor owned the shares for a period of less than two years immediately preceding the transfer, throughout that lesser period. ¹ ]

1 Repealed by 1996 Sch.41 Part VI with effect from 6 April 1996. Previously inserted by 1987 Sch.8 para.7 with effect from 17 March 1987.