CTM36310 | Particular topics: company winding up TAAR: condition A
From HM Revenue & Customs · Company Taxation Manual
and S404A (2)
For the purpose of and 404A (2), an individual has a 5 per cent interest in a company if the individual
holds at least 5 per cent of the ordinary share capital of the company, and
can exercise at least 5 per cent of the voting rights in the company by virtue of that holding.
Ordinary share capital is defined at . See .