[257DC The issuing company to carry on the qualifying business activity]
Income Tax Act 2007 (2007 c 3) | Legislation

[257DC  The issuing company to carry on the qualifying business activity]

[(1)     The requirement of this section is met in relation to the issuing company if, at no time in period B, is any of the following—

(a)     the relevant new qualifying trade,

(b)     relevant preparation work (if any), and

(c)     relevant research and development (if any),

carried on by a person other than the issuing company or a qualifying 90% subsidiary of that company.

(2)     Subsection (3) has effect for the purpose of determining whether the requirement of this section is met in relation to the issuing company in a case where relevant preparation

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