Section 722 — Corporation Tax Act 2010: When things other than ordinary share capital may be taken into account: Chapter 6

When things other than ordinary share capital may be taken into account: Chapter 6 722 1 This section applies for the purposes of Chapter 6 if conditions A and B are met.

2 Condition A is that persons (whether company members or not) possess extraordinary rights or powers under any document regulating a company.

3 Condition B is that because of that fact ownership of the ordinary share capital may not be an appropriate test of whether there has been a change in the ownership of the company.

4 In determining whether there has been a change in the ownership of the company for the purposes of Chapter 6, any of the following may be taken into account instead of ordinary share capital—

a holdings of all kinds of share capital, b holdings of any particular kind of share capital, c voting power, and d any other kind of special power.