Section 257C Overview of ChapterF1
The general requirements are met in respect of the relevant shares if the requirements of this Chapter are met as to—
(a)
the shares (see section 257CA),
(b)
the purpose of the issue (see section 257CB),
(c)
the spending of the money raised (see section 257CC),
(d)
no pre-arranged exits (see section 257CD),
(e)
no tax avoidance (see section 257CE), and
(f)
no disqualifying arrangements (see section 257CF).
Annotations
Textual amendments
- F1
Pt. 5A inserted (17.7.2012) (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by Finance Act 2012 (c. 14), Sch. 6 para. 1
Notes on Part 5A
Modifications
- C1
Pt. 5A applied by Taxation of Chargeable Gains Act 1992 (c. 12), Sch. 5BB para. 8(4) (as inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 6 para. 5)