[169VU “Subscribe” etc]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[Supplemental]

[169VU  “Subscribe” etc]

[(1)     For the purposes of this Chapter (other than this subsection) a person “subscribes for” a share in a company if—

(a)     that person subscribes for the share,

(b)     the share is issued to that person by the company for consideration consisting wholly of cash,

(c)     the share is fully paid up at the time it is issued,

(d)     the share is subscribed for,

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