Commentary

D8.321 Qualifying issuing companies—gross assets requirement

Corporate tax
Corporate tax | Commentary

D8.321 Qualifying issuing companies—gross assets requirement

Corporate tax | Commentary

D8.321 Qualifying issuing companies—gross assets requirement

The gross assets of a single company (that is, a company which is not a parent company or a 51% subsidiary1) must not, for shares issued after 5 April 2006, exceed £7m just before the relevant share issue and £8m immediately afterwards. For shares issued before 6 April 2006, the limits were, respectively, £15m and £16m2. However, the former higher limits apply in relation to shares issued after 5 April 2006 to a person who subscribed for them before 22 March 20063.

For a parent company, the same limits apply to the group as a

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