204 Meaning of “capital market condition” in sections 199 and 201
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

204  Meaning of “capital market condition” in sections 199 and 201

(1)     For the purposes of section 199(6) or 201(6), the capital market condition is met if—

(a)     the actual provision forms part of a capital market arrangement,

(b)     the capital market arrangement involves the issue of a capital market investment,

(c)     the securities that represent the capital market investment are issued wholly or mainly to independent persons, and

(d)

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