Explanatory Notes

Income Tax Act 2007

2007 CHAPTER 3

20 March 2007

Commentary on Sections

Part 5: Enterprise investment scheme

Overview

Chapter 4: The issuing company
Overview
Section 187: The qualifying subsidiaries requirement

627.This section requires that during period B any subsidiary of the issuing company must be a qualifying subsidiary. It is based on sections 293(3A) and 308(1) and (5A) of ICTA.