177 The no pre-arranged exits requirement
Income Tax Act 2007 (2007 c 3) | Legislation

177  The no pre-arranged exits requirement

(1)     The issuing arrangements for the relevant shares must not include—

(a)     arrangements with a view to the subsequent repurchase, exchange or other disposal of those shares or of other shares in or securities of the issuing company,

(b)     arrangements for or with a view to the cessation of any trade which is being or is to be or may be carried on by the issuing company or a person connected with that company,

(c)     arrangements for the disposal of, or of a substantial amount (in terms of value) of, the assets of the

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