Part 24Corporation Tax Acts definitions etc
Chapter 4Investment trusts
1163Basic meaning of “holding in a company”
1
In this Chapter “holding in a company” means the shares or securities (whether of one class or more than one class) held in any one company.
2
For the purposes of section 1162 a holding in a company is enlarged whenever the company whose holding it is—
a
acquires further shares or securities of the company, but
b
does not do so by being allotted shares or securities without becoming liable to give any consideration.