{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-39",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-39.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/15/paragraph/39",
  "kind": "paragraph",
  "number": "39",
  "heading": null,
  "text": "(1) Where—\n(a) the investing company is eligible for investment relief in respect of an amount subscribed by it for an issue of shares, and\n(b) it makes a claim under this Part,\nthe company’s liability for corporation tax for the accounting period in which the shares were issued shall be reduced by the appropriate amount.\n(2) In sub-paragraph (1) “the appropriate amount” means whichever is the smaller of—\n(a) 20% of the amount or aggregate amount—\n(i) which was subscribed by the company for shares issued in that period, and\n(ii) in respect of which the company is eligible for and claims investment relief, and\n(b) the amount which reduces the liability to nil.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "inserted",
      "affecting": "asp/2001/8",
      "affecting_title": "Regulation of Care (Scotland) Act 2001"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/39",
    "retrieved_at": "2026-10-29T09:21:00.128981+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}