Subscription for shares
03/05/1996
Query
Whether section 493(1) precludes the shares of a married couple being registered in joint names.
Decision
No, provided the shares are subscribed for by one spouse and the inspector of taxes is issued with a letter signed by both parties confirming the amount invested by each spouse.
Income Tax
Section 493 (1), Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:6223/95