# Income Tax Act 2007, Section 351: Investor must have beneficial ownership


(1) The investor must be the sole beneficial owner of the investment when it is made.
(2) If the investment consists of a loan, the person beneficially entitled to repayment of the loan is treated as the beneficial owner of the loan for the purposes of this Part.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/351 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-351
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.