Income Tax (Earnings and Pensions) Act 2003

Requirements as to listing

This section has no associated Explanatory Notes

19(1)Eligible shares must be—

(a)shares of a class listed on a recognised stock exchange,

(b)shares in a company which is not under the control of another company, or

(c)shares in a company which is under the control of a listed company.

(2)A “listed company” is a company whose shares are listed on a recognised stock exchange, other than—

(a)a close company, or

(b)a company that would be a close company if resident in the United Kingdom.