Section YC 8 — Income Tax Act 2007: Death of share or option holder

YC 8 Death of share or option holder If a person acquires a share or option over a share on the death of a person (the deceased person ), as a beneficiary or trustee under the will or intestacy, the person is treated as— (a) having acquired the share or option on the date the deceased person acquired it; and (b) having held it until the person in fact acquired it. Defined in this Act: company , share , trustee , Compare: 2004 No 35 s OD 5(2)