Statute
Section 257AC — Income Tax Act 2007: Meaning of “period A” and “period B”
Text of the provision Official document
Meaning of “period A” and “period B” 257AC 1 This section applies for the purposes of this Part in relation to any shares issued by a company. 2 “ Period A ” means the period—
a beginning with the incorporation of the company, and b ending immediately before the termination date relating to the shares. 3 “ Period B ” means the period—
a beginning with the issue of the shares, and b ending immediately before the termination date relating to the shares.
4 In this section “ the termination date ”, in relation to the shares, means the third anniversary of the date on which the shares are issued.
Official source: legislation.gov.uk
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