Part 5 Losses on disposal of shares

1. Disposals of new shares
2. Qualifying trading companies
3. The trading requirement
4. Ceasing to meet trading requirement because of administration or receivership
5. The control and independence requirement
6. The qualifying subsidiaries requirement
7. The property managing subsidiaries requirement
8. The gross assets requirement
9. The unquoted status requirement
10. Power to amend requirements by Treasury order
11. Relief after an exchange of shares for shares in another company
12. substitution of new shares for old shares
13. Interpretation of Chapter
14. Meaning of “qualifying 90% subsidiary”
15. Meaning of “qualifying subsidiary”
16. Meaning of “excluded activities”
17. Excluded activities: wholesale and retail distribution
18. Excluded activities: leasing of ships
19. Excluded activities: receipt of royalties and licence fees
20. Excluded activities: provision of services or facilities for another business
21. Meaning of a company being “in administration”
22. Application in relation to corresponding bonus shares