Schedule 1, paragraph 4(2)

In relation to a person who does not have a share capital— a reference to holding shares in that person is to holding a right or rights to share in the capital or, as the case may be, profits of that person; a reference to holding “more than 50% of the shares” in that person is to holding a right or rights to share in more than 50% of the capital or, as the case may be, profits of that person.

← 1 · All articles · 5 →

Source: legislation.gov.uk · retrieved 2026-08-30