INTRODUCTION

Related Commentary  

34  The investing company is not eligible for investment relief in respect of the amount subscribed by it for the relevant shares unless the requirements of this Part are met as to–

(a)the shares (see paragraph 35);

(aa)the maximum amount raised annually through risk capital schemes (see paragraph 35A);

(b)the money raised (see paragraph 36);

(c)no pre-arranged exits (see paragraph 37); and

(d)no tax avoidance (see paragraph 38).

History

Para. 34(aa) inserted by FA 2007, s. 51 and Sch. 16, para. 4(2) with effect from Royal Assent (19 July 2007).


REQUIREMENT AS TO THE SHARES

Related Commentary  Related HMRC Manuals

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