Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 440: Case outside charge under section 438: conversion of entire class
1881.In ICTA the main exemption from the charge on conversion is tucked away in subsections (8) and (9) of section 140D with related definitions in section 140F. The exemption is now in a separate section and the definitions are in subsections (4) and (5).