Income arising where derivative property or right obtained
Where the capital amount consists of property (eg shares in a company) or a right (eg under a settlement) which derives substantially the whole of its value from the activities of the individual, there is no charge under these provisions on the receipt of that capital amount. However, when the property or right is sold or otherwise realised, tax under these provisions is charged by reference to the proceeds of sale or realisation1. The same rule applies
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