[521D Excepted shares]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[521D  Excepted shares]

[(1)     A share is an excepted share for the purposes of section 521C if it is—

(a)     a qualifying publicly-issued share (see subsection (2)), or

(b)     a share which mirrors a public issue (see subsections (3) and (4)).

(2)     A share is a “qualifying publicly-issued share” if—

(a)     it was issued by a company as part of an issue of shares to persons not connected with the company, and

(b)     less than 10%

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