Statute
Section 688 — Corporation Tax Act 2010: Meaning of “significant increase in the amount of a company's capital”
Text of the provision Official document
Meaning of “significant increase in the amount of a company's capital” 688 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, , and b is at least 125% of 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.
Official source: legislation.gov.uk
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