Point in time view as at 13/04/2003. This version of this cross heading contains provisions that are not valid for this point in time.
Finance Act 2003, Paragraph 4 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Valid from 10/07/2003
4(1)The shares acquired must meet the following requirements.U.K.
(2)They must be ordinary shares that are fully paid-up and not redeemable.
(3)They must be—
(a)shares of a class listed on a recognised stock exchange, or
(b)shares in a company that is not under the control of another company, or
(c)shares in a company that is under the control of a company (other than a close company or a company that if resident in the United Kingdom would be a close company) whose shares are listed on a recognised stock exchange.
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