INTRODUCTION

Related Commentary  

4  The investing company is a qualifying investing company in relation to the relevant shares if the requirements of this Part are met as to–

(a)no material interest (see paragraph 5);

(b)no reciprocal arrangements (see paragraph 6);

(c)no control (see paragraph 8);

(d)non-financial activities (see paragraph 10);

(e)the shares being a chargeable asset (see paragraph 13); and

(f)no tax avoidance (see paragraph 14).

THE “NO MATERIAL INTEREST” REQUIREMENT

Related Commentary  Related HMRC Manuals

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