Commentary

D8.330 Requirements for qualifying investments

Corporate tax
Corporate tax | Commentary

D8.330 Requirements for qualifying investments

Corporate tax | Commentary

Qualifying investments

D8.330 Requirements for qualifying investments

In order for the investing company to be eligible for investment relief under the corporate venturing scheme, requirements must be satisfied relating to the investment itself. These requirements concern1:

  1.  

    (a)     the issued shares (see D8.331);

  2.  

    (b)     the use of the money raised (see D8.332);

  3.  

    (c)     the issuing arrangements, broadly prohibiting any pre-arranged exits (see D8.333);

  4.  

    (d)     the purpose of the issue; and

  5.  

    (e)     the maximum amount raised annually (see D8.334).

As regards (d), the share issue must be for genuine commercial reasons. Furthermore, it must not be

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial