147 Meaning of “10% or greater share in a company”
Finance Act 2013 (2013 c 29) | Legislation

147  Meaning of “10% or greater share in a company”

(1)     This section applies for the purposes of section 146.

(2)     An individual (“P”) is taken to be entitled to a 10% or greater share in a company (“C”) if P possesses (directly or indirectly) or is entitled to acquire—

(a)     10% or more of the share capital of C,

(b)     10% or more of the issued share capital of C,

(c)     10% or more of the voting power in C,

(d)     so much of the issued share capital of C as would, on the assumption that the whole of the income of C were distributed among the participators, entitle P to receive 10% or more of the

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