145 Relief after an exchange of shares for shares in another company
Income Tax Act 2007 (2007 c 3) | Legislation

Qualifying trading companies: supplementary

145  Relief after an exchange of shares for shares in another company

(1)     This section and section 146 apply in relation to shares to which EIS relief is not attributable if—

(a)     a company (“the new company”) in which the only issued shares are subscriber shares acquires all the shares (“old shares”) in another company (“the old company”),

(b)     the consideration for the old shares consists wholly of the issue of shares (“new shares”) in the new

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