184 The unquoted status requirement
Income Tax Act 2007 (2007 c 3) | Legislation

184  The unquoted status requirement

(1)     At the beginning of period B—

(a)     the issuing company must be an unquoted company,

(b)     there must be no arrangements in existence for the issuing company to cease to be an unquoted company, and

(c)     there must be no arrangements in existence for the issuing company to become a subsidiary of another company (“the new company”) by virtue of an exchange of shares, or shares and securities, if—

(i)     section 247 applies in relation to the

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