# Income Tax Act 2007, Section 163: The no connection with the issuing company requirement


(1) The investor must not be connected with the issuing company (whether before or after its incorporation) at any time during the period—
(a) beginning two years before the issue of the shares, and
(b) ending immediately before the termination date relating to the shares.
(2) This is subject to section 169(1).

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/163 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-163
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.