Commentary on Sections Overview Overview Section 534: Amounts to be brought into account where section 523 applies
1433.This section sets out rules concerning the amounts to be brought into account for the purposes of this Part by the company holding the shares. It is based on section 91A(3), (4) and (9) and section 91B(3), (4) and (6A) of FA 1996.
1434.Subsection (7) overrides the requirement for amortised cost basis where both this section and section 349 apply. See Change 57 in Annex 1.