Section 169VY | General definitions

In this Chapter—^F1

“employee” (except in the expression “relevant employee”, which is to be read in accordance with section 169VW) has the meaning given by section 4 of ITEPA 2003;

“employment” has the meaning given by section 4 of ITEPA 2003;

“exchange of shares” is to be read in accordance with section 169VR(3);

“excluded share” has the meaning given by section 169VB;

a “holding” of shares in a company means a holding of such shares which by virtue of section 104(1) is to be regarded as a single asset;

“investors' relief” has the meaning given by section 169VA(3);

“office” has the meaning given by section 5(3) of ITEPA 2003;

“ordinary shares”, in relation to a company, means any shares forming part of the company's ordinary share capital (within the meaning given by section 989 of ITA 2007);

“potentially qualifying share” has the meaning given by section 169VB;

“qualifying person” has the meaning given by section 169VC(7);

“qualifying share” has the meaning given by section 169VB;

“subscribe” is to be read in accordance with section 169VU;

“trading company” and “the holding company of a trading group” are to be read in accordance with section 169VV.