# Finance Act 2020, Section 58: Section 57: meaning of “relevant entity”


(1) In section 57 “relevant entity” means—
(a) a company, or
(b) an entity the shares or other interests in which are listed on a recognised stock exchange and are sufficiently widely held.
(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.
(3) The following are not relevant entities—
(a) the Crown;
(b) a Minister of the Crown;
(c) a government department;
(d) a Northern Ireland department;
(e) a foreign sovereign power.
(4) In this section—
(a) “participator” has the meaning given by section 454 of CTA 2010;
(b) “recognised stock exchange” has the meaning given by section 1137 of CTA 2010;
(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.
(5) For the meaning of “company” see section 72.

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Source: https://www.legislation.gov.uk/ukpga/2020/14/section/58 (the official version)
Page: https://openlegislation.uk/finance-act-2020/section-58
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.