Income Tax (Earnings and Pensions) Act 2003 Schedule 5 paragraph 29

Meaning of "material interest"

Schedule 5 paragraph 29 defines what constitutes a "material interest" in a company for the purposes of the "no material interest" requirement in paragraph 28, setting the threshold at more than 30% of share capital or, for close companies, more than 30% of distributable assets.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.