[257BF Persons with a substantial interest in a company]
Income Tax Act 2007 (2007 c 3) | Legislation

[Meaning of substantial interest in a company]

[257BF  Persons with a substantial interest in a company]

[(1)     An individual has a substantial interest in a company if the individual directly or indirectly possesses or is entitled to acquire more than 30% of—

(a)     the ordinary share capital of the company or any subsidiary of the company,

(b)     the issued share capital of the company or any such subsidiary, or

(c)     the voting power in the company or any such subsidiary.

(2)     An individual has a substantial interest in a company if the individual directly or indirectly possesses or is entitled to acquire such rights as would—

(a)     in the event of the

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