Taxation of Chargeable Gains Act 1992

[F1 169VY General definitions U.K.

In this Chapter—

• “employee” (except in the expression “relevant employee”, which is to be read in accordance with section 169VW) has the meaning given by section 4 of ITEPA 2003;

• “employment” has the meaning given by section 4 of ITEPA 2003;

• “exchange of shares” is to be read in accordance with section 169VR(3);

• “excluded share” has the meaning given by section 169VB;

• a “holding” of shares in a company means a holding of such shares which by virtue of section 104(1) is to be regarded as a single asset;

• “investors' relief” has the meaning given by section 169VA(3);

• “office” has the meaning given by section 5(3) of ITEPA 2003;

• “ordinary shares”, in relation to a company, means any shares forming part of the company's ordinary share capital (within the meaning given by section 989 of ITA 2007);

• “potentially qualifying share” has the meaning given by section 169VB;

• “qualifying person” has the meaning given by section 169VC(7);

• “qualifying share” has the meaning given by section 169VB;

• “subscribe” is to be read in accordance with section 169VU;

• “trading company” and “the holding company of a trading group” are to be read in accordance with section 169VV.]

Textual Amendments

F1 Pt. 5 Ch. 5 inserted (15.9.2016) by Finance Act 2016 (c. 24), Sch. 14 para. 2