[809VD Condition A]
Income Tax Act 2007 (2007 c 3) | Legislation

[809VD  Condition A]

[(1)     Condition A is that the target company is—

(a)     an eligible trading company,

(b)     an eligible stakeholder company, . . .

[(ba)     an eligible hybrid company, or]

(c)     an eligible holding company.

(2)     A company is an “eligible trading company” if—

(a)     it is a private limited company,

(b)     it carries on one or more commercial trades or is preparing to do so within the next [5] years, and

(c)     carrying on commercial trades is all or substantially all of what it does (or of what it is reasonably expected to do once it begins trading).

(3)     A company is an “eligible stakeholder company” if—

(a)     it is a private limited company,

(b)

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