# Income Tax Act 2007, Paragraph 69

Extent: E+W+S+N.I.

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 before 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.

---
Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/69 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-2/paragraph-69
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.