{
  "url": "https://openlegislation.uk/finance-act-2020/section-58",
  "json_url": "https://openlegislation.uk/finance-act-2020/section-58.json",
  "legislation": "ukpga/2020/14",
  "legislation_title": "Finance Act 2020",
  "legislation_url": "https://openlegislation.uk/finance-act-2020",
  "path": "section/58",
  "kind": "section",
  "number": "58",
  "heading": "Section 57: meaning of “relevant entity”",
  "text": "(1) In section 57 “relevant entity” means—\n(a) a company, or\n(b) an entity the shares or other interests in which are listed on a recognised stock exchange and are sufficiently widely held.\n(2) Shares or other interests in an entity are “sufficiently widely held” if no participator in the entity holds more than 10% by value of all the shares or other interests in the entity.\n(3) The following are not relevant entities—\n(a) the Crown;\n(b) a Minister of the Crown;\n(c) a government department;\n(d) a Northern Ireland department;\n(e) a foreign sovereign power.\n(4) In this section—\n(a) “participator” has the meaning given by section 454 of CTA 2010;\n(b) “recognised stock exchange” has the meaning given by section 1137 of CTA 2010;\n(c) the reference to shares or other interests being listed on a recognised stock exchange is to be read in accordance with section 1137 of CTA 2010.\n(5) For the meaning of “company” see section 72.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2020/14/section/58",
    "retrieved_at": "2026-10-28T16:59:25.131008+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}