# Income Tax Act 2007, Section 273: Interpretation of Chapter


(1) In this Chapter “eligible shares”, in relation to a company which is a VCT, means ordinary shares in the VCT which, throughout the period of 5 years beginning on the date on which they are issued, carry—
(a) no present or future preferential right to dividends or to a company's assets on its winding up, and
(b) no present or future right to be redeemed.
(2) In this Chapter references to a disposal of shares include references to a disposal of an interest or right in or over shares.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/273 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-273
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.