Statute
Section 257FQ — Income Tax Act 2007: Acquisition of share capital
Text of the provision Official document
Acquisition of share capital 257FQ 1 Any SEIS relief attributable to any shares in a company held by an individual is withdrawn if—
a the company comes to acquire all of the issued share capital of another company at any time in period A, and b the individual is a person, or one of a group of persons, to whom subsection (2) applies.
2 This subsection applies to any person or group of persons who—
a controls or, at any time in period A, has controlled the company, and b at any such time, controlled the other company.
Official source: legislation.gov.uk
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