Related Commentary  Related CasesRelated HMRC Manuals

126(1)  For the purposes of this section and sections 127 to 131reorganisation”  means a reorganisation or reduction of a company’s share capital, and in relation to the reorganisation–

(a)original shares”  means shares held before and concerned in the reorganisation,

(b)new holding”  means, in relation to any original shares, the shares in and debentures of the company which as a result of the reorganisation represent the original shares (including such, if any, of the original shares as remain).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.