Taxation of Chargeable Gains Act 1992 section 169VY

General definitions

Section 169VY provides a glossary of key terms used throughout the investors' relief chapter, ensuring consistent interpretation of concepts such as qualifying shares, qualifying persons, and trading companies.

• Defines employment-related terms ("employee", "employment" and "office") by reference to the standard income tax definitions used elsewhere in tax legislation.
• Sets out the meanings of share-related terms including "ordinary shares", "holding", "excluded share", "potentially qualifying share", "qualifying share", "exchange of shares" and "subscribe".
• Establishes the meaning of "qualifying person" and "investors' relief" by cross-referencing to the substantive provisions earlier in the chapter.
• Clarifies the meaning of "trading company" and "the holding company of a trading group" by reference to the specific definitions adopted for investors' relief purposes.