# Income Tax Act 2007, Section 257AC: Meaning of “period A” and “period B”


(1) This section applies for the purposes of this Part in relation to any shares issued by a company.
(2) “Period A” means the period—
(a) beginning with the incorporation of the company, and
(b) ending immediately before the termination date relating to the shares.
(3) “Period B” means the period—
(a) beginning with the issue of the shares, and
(b) ending immediately before the termination date relating to the shares.
(4) In this section “the termination date”, in relation to the shares, means the third anniversary of the date on which the shares are issued.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/257AC (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-257AC
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.