Paragraph 34
United Kingdom
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);
F1(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).
Annotations
Textual amendments
- F1
Sch. 15 para. 34(aa) inserted (19.7.2007) by Finance Act 2007 (c. 11), Sch. 16 para. 4(2)