# Finance Act 2000, Paragraph 13


(1) The investing company is not a qualifying investing company in relation to the relevant shares unless the shares are a chargeable asset of the company immediately after they are issued to it.
(2) For this purpose an asset is a chargeable asset of that company at any time if, on a disposal at that time, a gain accruing to the company would be a chargeable gain.
(3) In this paragraph “asset” has the same meaning as in the 1992 Act.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.