Paragraph 69
United Kingdom
For the purpose of determining whether shares or securities are to be regarded as comprised in a company's qualifying holdings, section 288 does not apply in relation to shares or securities acquired F1before 6 April 2018 by a company by means of the investment of—
(a)
money raised by the issue before 2 July 1997 of shares in or securities of the investing company, or
(b)
money derived from the investment by that company of any such money.
Annotations
Textual amendments
- F1
Words in Sch. 2 para. 69 inserted (6.4.2018) by Finance Act 2018 (c. 3), Sch. 5 paras. 8(2), 13; S.I. 2018/931, reg. 4(e)