Search Legislation

Advanced Search

Corporation Tax Act 2010

Section 158: Meaning of “equity holder”

626.This section defines “equity holder”. It is based on paragraph 1 of Schedule 18 to ICTA.

627.Subsection (1) establishes that an equity holder may be:

  • a shareholder (but only in relation to “ordinary shares” – see section 160); or

  • a loan creditor (but only in relation to loans that are not “normal commercial loans” – see section 162).

628.Subsection (2) sets out the tests in section 417 of ICTA (also rewritten in section 453) to determine whether a person is a loan creditor of a company.

Back to top

Options/Help

Print Options

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources

The data on this page is available in the alternative data formats listed: