280 Conditions relating to qualifying holdings and eligible shares
Income Tax Act 2007 (2007 c 3) | Legislation

280  Conditions relating to qualifying holdings and eligible shares

(1)     Subsection (2) applies, subject to any regulations under subsection (3), if—

(a)     there has been an issue of ordinary share capital of a company (“the first issue”),

(b)     a VCT approval of that company has taken effect on or before the day of the making of the first issue, and

(c)     a further issue of ordinary share capital of that company has been made since the making of the first issue.

(2)     If

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Financial Conduct Authority—Principles for Businesses (PRIN)

Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the FCA’s High Level Standards set out in the FCA’s Handbook. The Principles are a general

LEXISNEXIS

Traditional procurement of construction contracts

Traditional procurement of construction contractsThis Practice Note provides a basic explanation of traditional procurement in construction. It looks at why this type of procurement is used and also considers particular issues to take into account when choosing to follow this procurement route.When

LEXISNEXIS

Debt for equity swaps

Debt for equity swapsA popular restructuring method is a debt for equity swap; financial creditors receive equity in the restructured vehicle in return for reducing or cancelling their debt claims against the company (and the rest of the group).Many highly levered deals have thin equity cushions and

LEXISNEXIS

Possession of a bladed article

Possession of a bladed articleThe offence of possession of a bladed articleThe offence of having a bladed article in a public place can be tried in either the magistrates' court or the Crown Court. The magistrates' court will decline jurisdiction in those cases where it appears that its powers of