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CTM36310 | Particular topics: company winding up TAAR: condition A

From HM Revenue & Customs · Company Taxation Manual

ITTOIA05/S396B and S404A (2)

For the purpose of ITTOIA05/S396B 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 ITA07/S989. See ETASSUM33070.