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Home / Simons-Taxes /Personal and employment tax /Part E3 Reliefs for investors /Division E3.1 Enterprise investment scheme /Qualifying investors / E3.111A Connected individuals—the 30% test
Commentary

E3.111A Connected individuals—the 30% test


Personal and employment tax

One of the circumstances which creates a connection to the issuing company is where an individual has control of the issuing company or of any subsidiary1. For more on control see D3.103.

Connection also exists where the individual directly or indirectly possesses, or is entitled to acquire in the issuing company or any subsidiary, more than 30% of the2:

  1. Ìý

    •ÌýÌýÌýÌý issued ordinary share capital (for meaning see D2.108)3, or

  2. Ìý

    •ÌýÌýÌýÌý issued share capital4, or

  3. Ìý

    •ÌýÌýÌýÌý voting power5,

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