Corporation Tax Act 2009 section 533

Power to change conditions for non-qualifying shares

Section 533 gives the Treasury the power to amend by regulation the conditions that determine whether shares are treated as "non-qualifying shares" for the purposes of the loan relationships rules.

• The Treasury may vary the conditions under which shares are classified as non-qualifying shares.
• Non-qualifying shares are relevant to the treatment of holdings under the loan relationships regime (section 526).
• This power allows changes to be made by statutory instrument without requiring primary legislation.
• The provision originates from section 91F of the Finance Act 1996 and was amended by the Finance Act 2009.