Paragraph 61

United Kingdom

Eligible shares must be—

(a)

shares of a class listed on a recognised stock exchange; or

(b)

shares in a company which is not under the control of another company; or

(c)

shares in a company which is under the control of a company (other than a company which is, or would if resident in the United Kingdom be, a close company) whose shares are listed on a recognised stock exchange.

Notes on Schedule 8

Textual amendments

F1: Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)