[464 Meaning of “25% investment”]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[464  Meaning of “25% investment”]

[(1)     A person (“P”) has a 25% investment in another person (“C”) if—

(a)     P possesses or is entitled to acquire 25% or more of the voting power in C,

(b)     in the event of a disposal of the whole of the equity in C, P would receive 25% or more of the proceeds,

(c)     in the event that the income in respect of the equity in C were distributed among the equity holders in C, P would receive 25% or more of the amount so distributed, or

(d)     in the event of a winding-up of C or in any other circumstances, P would receive 25% or more of C's assets which would then be available for distribution among the equity holders in C in respect of the equity in C.

(2)

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