THE REQUIREMENT

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7  The investing company must have held a substantial shareholding in the company invested in throughout a twelve-month period beginning not more than six years before the day on which the disposal takes place.

History

In para. 7, the words “six” substituted for the words “two” by F(No. 2)A 2017, s. 27(3), with effect in relation to disposals made on or after 1 April 2017.


MEANING OF “SUBSTANTIAL SHAREHOLDING”

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