Define: Qualifying Company
a company in which a Shareholder or Trustee(s) holds the entire issued share capital and over which that Shareholder or Trustee(s) exercises control (within the meaning of section 1124 of the CTA 2010);
a company in which a Shareholder or Trustee(s) holds the entire issued share capital and over which that Shareholder or Trustee(s) exercises control (within the meaning of section 1124 of the CTA 2010);.
Relevant Circumstances
- When tax or estate planning involves holding shares through a wholly-owned vehicle
- If a shareholder is permitted to transfer shares to a controlled company
- Where section 1124 CTA 2010 control tests determine eligibility