{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-719",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-719.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/719",
  "kind": "section",
  "number": "719",
  "heading": "Meaning of “change in the ownership of a company”",
  "text": "(1) For the purposes of this Part there is a change in the ownership of a company if condition A, B or C is met.\n(2) Condition A is that a single person acquires a holding of more than half the ordinary share capital of the company.\n(3) Condition B is that—\n(a) two or more persons each acquire a holding of at least 5% of the ordinary share capital of the company, and\n(b) those holdings together amount to more than half the ordinary share capital of the company.\n(4) Condition C is that—\n(a) two or more persons each acquire a holding of the ordinary share capital of the company, and\n(b) those holdings together amount to more than half the ordinary share capital of the company,\nbut there is disregarded a holding of less than 5% unless—\n(i) it is an addition to an existing holding, and\n(ii) the two holdings together amount to at least 5% of the ordinary share capital of the company.\n(4A) For the purposes of Chapters 2A to 2E there is also a change in the ownership of a company (“C”) if, as a result of the acquisition by a person of a holding of the ordinary share capital of the company, the group condition (as defined in section 188CE) is met in relation to C and another company (“A”) (which was not a member of the same group of companies as C before the acquisition).\nIn this subsection the reference to membership of a group of companies is to be interpreted in accordance with section 188FB.\n(5) See also sections 721 and 722 which provide for things other than ordinary share capital to be taken into account in determining whether there has been a change in the ownership of a company.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 719(4A) inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 89"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in s. 719(4A) substituted (with effect in accordance with Sch. 8 para. 21 of the amending Act) by Finance Act 2021 (c. 26), Sch. 8 para. 14"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Ss. 719-724A modified (with effect in relation to accounting periods commencing on or after 31.12.2023) by Finance (No. 2) Act 2023 (c. 30), ss. 212(5), 264"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/719",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}