# Income Tax Act 2007, Section 352: No acquisition of share in partnership


(1) If the CDFI is a partnership, the investment must not consist of or include any amount of capital contributed by the investor on becoming a member of the partnership.
(2) For this purpose the amount of capital contributed by the investor on becoming a member of the partnership includes any amount which—
(a) purports to be provided by the investor by way of loan capital, and
(b) is accounted for as partners' capital in the accounts of the partnership.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/352 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-352
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.