Part 24

Corporation Tax Acts definitions etc
Chapter 1

Definitions

“Recognised stock exchange”
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1
In the Corporation Tax Acts “recognised stock exchange” means—
a
any market of a recognised investment exchange which is for the time being designated as a recognised stock exchange for the purposes of section 1005 of ITA 2007 by an order made by the Commissioners for Her Majesty's Revenue and Customs, and
b
any market outside the United Kingdom which is for the time being so designated.
2
References in the Corporation Tax Acts to securities which are listed on a recognised stock exchange are to securities—
a
which are admitted to trading on that exchange, and
b
which are included in the official UK list or are officially listed in a qualifying country outside the United Kingdom in accordance with provisions corresponding to those generally applicable in EEA states.
3
For this purpose “qualifying country outside the United Kingdom” means any country outside the United Kingdom in which there is a recognised stock exchange.
4
References in the Corporation Tax Acts to securities which are included in the official UK list are to securities which are included in the official list (within the meaning of Part 6 of FISMA 2000) in accordance with the provisions of that Part.
5
In this section—
- “recognised investment exchange” has the same meaning as in FISMA 2000 (see section 285 of that Act), and
- “securities” includes shares and stock.