Explanatory Notes

Corporation Tax Act 2010

2010 CHAPTER 4

3 March 2010

Introduction

Part 14: Change in company ownership

Chapter 7: Meaning of “change in the ownership of a company”
Section 722: When things other than ordinary share capital may be taken into account: Chapter 6

2245.In cases when applying the “ordinary share capital” test in section 719 would give anomalous results, this section allows other interests in a company, such as voting power attaching to shares, to be taken into account in determining whether there has been a change in ownership. It is based on section 769 of ICTA.