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Corporation Tax Act 2009
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- UK Public General Acts
- 2009 c. 4
- Part 6
- Chapter 7
- Non-qualifying shares
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Changes over time for: Cross Heading: Non-qualifying shares
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Changes to legislation:
Corporation Tax Act 2009, Cross Heading: Non-qualifying shares is up to date with all changes known to be in force on or before 05 December 2024. 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.
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Non-qualifying sharesU.K.
F1526Non-qualifying sharesU.K.
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Textual Amendments
F1Pt. 6 Ch. 7 omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 24 paras. 8(c)(i), 12
F1527The increasing value conditionU.K.
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Textual Amendments
F1Pt. 6 Ch. 7 omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 24 paras. 8(c)(i), 12
F1528Regulations about income-producing assetsU.K.
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Textual Amendments
F1Pt. 6 Ch. 7 omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 24 paras. 8(c)(i), 12
F1529The redemption return conditionU.K.
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Textual Amendments
F1Pt. 6 Ch. 7 omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 24 paras. 8(c)(i), 12
F1530The redemption return condition: excepted sharesU.K.
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Textual Amendments
F1Pt. 6 Ch. 7 omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 24 paras. 8(c)(i), 12
F1531The redemption return condition: unallowable purposesU.K.
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Textual Amendments
F1Pt. 6 Ch. 7 omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 24 paras. 8(c)(i), 12
F1532The associated transactions conditionU.K.
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Textual Amendments
F1Pt. 6 Ch. 7 omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 24 paras. 8(c)(i), 12
533Power to change conditions for non-qualifying sharesU.K.
(1)The Treasury may by regulations amend this Chapter so as to add, vary or remove conditions to be met for the purposes of section 526(2) (non-qualifying shares).
(2)If the Treasury add, vary or remove such a condition, they may also by regulations amend any of the enactments specified in subsection (3) so as to make provision for or in connection with taxation in the case of any asset or transaction which is or was mentioned in the condition.
(3)The enactments are—
(a)Part 5,
(b)this Part,
(c)Part 7 (derivative contracts),
(d)Chapters 1 to 3 of Part 6 of ICTA (company distributions), and
(e)Part 18 of ICTA (double taxation relief).
(4)Regulations under this section may make—
(a)different provision for different cases, and
(b)incidental, supplemental, consequential and transitional provision and savings.
(5)Regulations made under subsection (4)(b) may, in particular, include provision amending any enactment or any instrument made under an enactment.
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