Revenue Note for Guidance
Section 600G sets out the meaning of “subscribes for”.
(1)An individual subscribes for shares if the individual subscribes for and is issued shares by the company—
(2)A share subscribed for, issued to, held by, or disposed of for, an individual by a nominee are treated as done by the individual for whom they are acting where the nominee has complied with sections 892 and 894 TCA 1997 in respect of the share.
(3)References to an individual having subscribed for a share include the individual having subscribed for the share jointly with any other individual.
Relevant Date: Finance Act 2024