Revenue Precedents

Would the holding of more than 30% of the shareholdings, on a temporary basis, in a new company, by promoters, disqualify them from BES relief? No. Provided their shareholding was reduced below 30% when the BES shares are issued. 3838/86

Whether section 493(1) precludes the shares of a married couple being registered in joint names? No, provided the shares are subscribed for by one spouse and the Inspector of Taxes is issued with a letter signed by both parties confirming the amount invested by each spouse. 6223/95