547 Meaning and amount or value of “registrant discount”
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

547  Meaning and amount or value of “registrant discount”

(1)     For the purposes of this Chapter there is a “registrant discount” in respect of the shares of a company if conditions A to C are met.

(2)     Condition A is that members of the public who comply with such requirements as may be imposed in connection with the offer or, if section 544 applies, the public offer are, or may become, entitled to a discount in respect of the whole or part of the shares of the company allocated to them.

(3)     Condition B

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