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Different objective
The provision concerning subscriber shares applies only to an 'on-the-shelf' period before the company has begun or makes preparations to carry on a trade. It enables A or A&B to incorporate a company, each having 100% or 50% of the shares, as appropriate, and then issue shares to others, including, perhaps, themselves, provided that as a result of this their holding falls to the required 30% or less level. Otherwise it would be impossible to start up a company to claim the relief. FA2013 extends the concept to companies purchased from a company formation agent where, during the same period, the shares in issue are the subscriber shares and the company is not yet active, thus preventing the company being treated as the subsidiary of another that would also prevent relief being claimed - the 'independence principle'.