Part 14Change in company ownership
Chapter 3Company with investment business: restrictions on relief: general provision
Meaning of “significant increase in the amount of a company's capital”
688Meaning of “significant increase in the amount of a company's capital”
1
This section and sections 689 to 691 have effect for determining whether, for the purposes of section 677(2), there is a significant increase in the amount of a company's capital after a change in the ownership of the company.
2
There is a significant increase in the amount of a company's capital if amount B—
a
exceeds amount A by at least £1 million, or
b
is at least twice amount A.
3
For the meaning of—
a
“amount A” and “amount B”, see sections 689 and 690 respectively, and
b
“amount of capital”, see section 691.