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Legislation
Income Tax Act 2007

Crossheading The requirements

  • Section 163 The no connection with the issuing company requirement
  • Section 164 The no linked loans requirement
  • Section 164A The existing shareholdings requirement
  • Section 165 The no tax avoidance requirement
  1. The requirements
  2. The no connection with the issuing company requirement

Section 163 | The no connection with the issuing company requirement

From legislation.gov.uk

(1)The investor must not be connected with the issuing company (whether before or after its incorporation) at any time during the period—

(a)beginning two years before the issue of the shares, and

(b)ending immediately before the termination date relating to the shares.

(2)This is subject to section 169(1).

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