183 The issuing company to carry on the qualifying business activity requirement
Income Tax Act 2007 (2007 c 3) | Legislation

183  The issuing company to carry on the qualifying business activity requirement

(1)     The requirement of this section is met in relation to the issuing company if, at no time in period B, is any of the following—

(a)     the relevant qualifying trade,

(b)     relevant preparation work (if any), and

(c)     relevant research and development (if any),

carried on by a person other than the issuing company or a qualifying 90% subsidiary of that company.

(2)     Subsection (3) has effect for the purpose of determining whether the requirement of this section is met in relation to the issuing company in a case where relevant preparation

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