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Section 169VY: General definitions

Taxation of Chargeable Gains Act 1992 · 1992 c. 12View on legislation.gov.uk

Part V: Transfer of business assets, business asset disposal relief and investors' relief — Chapter 5: Investors' relief

In this Chapter—

  • "employee" (except in the expression "relevant employee", which is to be read in accordance with section 169VW) has the meaning given by section 4 of ITEPA 2003;

  • "employment" has the meaning given by section 4 of ITEPA 2003;

  • "exchange of shares" is to be read in accordance with section 169VR(3);

  • "excluded share" has the meaning given by section 169VB;

  • a "holding" of shares in a company means a holding of such shares which by virtue of section 104(1) is to be regarded as a single asset;

  • "investors' relief" has the meaning given by section 169VA(3);

  • "office" has the meaning given by section 5(3) of ITEPA 2003;

  • "ordinary shares", in relation to a company, means any shares forming part of the company's ordinary share capital (within the meaning given by section 989 of ITA 2007);

  • "potentially qualifying share" has the meaning given by section 169VB;

  • "qualifying person" has the meaning given by section 169VC(7);

  • "qualifying share" has the meaning given by section 169VB;

  • "subscribe" is to be read in accordance with section 169VU;

  • "trading company" and "the holding company of a trading group" are to be read in accordance with section 169VV.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.