# Finance Act 2000, Paragraph 38


The relevant shares must be issued for commercial reasons, and not as part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/38 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.