Commentary

D8.307 Qualifying investing companies—no reciprocal arrangements requirement

Corporate tax
Corporate tax | Commentary

D8.307 Qualifying investing companies—no reciprocal arrangements requirement

Corporate tax | Commentary

D8.307 Qualifying investing companies—no reciprocal arrangements requirement

A qualifying investing company's subscription for shares in the issuing company must not be part of any arrangements providing for any other person to subscribe for shares in a related company1. Any arrangements for the issuing company to subscribe for shares in its qualifying subsidiaries are, however, ignored (irrespective of whether or not they were qualifying subsidiaries at the time the arrangements were made)2.

A related company is a company in which the investing company, or any other party to the arrangements, has a material interest3. Arrangements are widely defined to include any scheme,

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