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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2019 - onwards
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591. Relief for individuals on certain reinvestment.

(1) In this section -

"director" has the same meaning as in section 116;

"eligible shares" means new ordinary shares which carry no present or future preferential right to dividends or to a company's assets on its winding up and no present or future preferential right to be redeemed;

"full-time director", "full-time employee", "part-time director" and "part-time employee" have the same meanings respectively as in section 250;

"holding company" means a company whose business consists wholly or mainly in the holding of shares in, or securities of, one or more companies which are trading companies and which are its 51 per cent subsidiaries;

"material disposal" has the meaning assigned to it by subsection (5);

"ordinary shares" means shares forming part of a company's ordinary share capital;

"ordinary share capital" has the same meaning as in section 2;

"the original holding" has the meaning assigned to it by subsection (2);

"qualifying company" has the meaning assigned to it by subsection

Comparing proposed amendment...