{
  "url": "https://openlegislation.uk/income-tax-act-2007/schedule-2/paragraph-76",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/schedule-2/paragraph-76.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "schedule/2/paragraph/76",
  "kind": "paragraph",
  "number": "76",
  "heading": null,
  "text": "(1) For the purpose of determining whether shares or securities are to be regarded as comprised in a company's qualifying holdings, section 297 applies in relation to shares or securities issued on or after 6 April 1998 and before 6 April 2006 with the substitution in subsections (1) and (2)—\n(a) of “£15 million” for “£7 million”, and\n(b) of “£16 million” for “£8 million”.\n(2) For the purposes of sub-paragraph (1) any shares or securities acquired by a company at any time by means of the investment of—\n(a) money raised by the issue before 6 April 2006 of shares in or securities of the investing company, or\n(b) money derived from the investment by that company of any such money,\nare treated as having been issued before 6 April 2006.\n(3) For the purpose of determining whether shares or securities are to be regarded as comprised in a company's qualifying holdings, section 297 applies in relation to shares or securities issued before 6 April 1998 with the substitution in subsections (1) and (2)—\n(a) of “£10 million” for “£7 million”, and\n(b) of “£11 million” for “£8 million”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/76",
    "retrieved_at": "2026-10-29T09:13:03.599581+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}