Textual Amendments
F1Word in Sch. 3 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 103, 146 (with Sch. 8 paras. 147-157)
19(1)Eligible shares must be—U.K.
(a)shares of a class listed on a recognised stock exchange,
(b)shares in a company which is not under the control of another company, F2...
[F3(ba)shares in a company which is subject to an employee-ownership trust (within the meaning of paragraph 27(4) to (6) of Schedule 2), or]
(c)shares in a company which is under the control of a listed company.
(2)A “listed company” is a company whose shares are listed on a recognised stock exchange, other than—
(a)a close company, or
(b)a company that would be a close company if resident in the United Kingdom.
[F4(3)But a company is not a close company for the purposes of sub-paragraph (2) if it is subject to an employee-ownership trust (within the meaning of paragraph 27(4) to (6) of Schedule 2).]
Textual Amendments
F2Word in Sch. 3 para. 19(1)(b) omitted (1.10.2014) by virtue of Finance Act 2014 (c. 26), Sch. 37 para. 20(2)(4)
F3Sch. 3 para. 19(1)(ba) inserted (1.10.2014) by Finance Act 2014 (c. 26), Sch. 37 para. 20(2)(4)
F4Sch. 3 para. 19(3) inserted (1.10.2014) by Finance Act 2014 (c. 26), Sch. 37 para. 20(3)(4)