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Section 257QG Receipts of value by and from connected persons etcF1

In sections 257Q, 257QA, 257QB, 257QE and 257QF—

(a)

any reference to a payment or transfer to the investor includes a reference to a payment or transfer made to the investor indirectly or to the investor's order or for the investor's benefit,

(b)

any reference to the investor includes a reference to an associate of the investor, and

(c)

any reference to the social enterprise includes a reference to a person who at any time in the longer applicable period is connected with the social enterprise (whether or not that person is so connected at the material time).

Annotations

Textual amendments

F1

Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1