1050. Meaning of 'relevant business property'.

In relation to a transfer of value1 'relevant business property'2 means:

  1.  

    (1)     property consisting of a business3 or interest in a business4;

  2.  

    (2)     securities of a company which are unquoted5 and which (either by themselves or together with other securities owned by the transferor and any unquoted shares so owned) gave the transferor control6 of the company immediately before the transfer7;

  3.  

    (3)     unquoted8 shares in a company9;

  4.  

    (4)     shares in or securities of a company which are quoted10 and which (either by themselves or together with other such shares or securities owned by the transferor) gave the transferor control