Commentary

D8.332 Qualifying investments—requirement as to the money raised

Corporate tax
Corporate tax | Commentary

D8.332 Qualifying investments—requirement as to the money raised

Corporate tax | Commentary

D8.332 Qualifying investments—requirement as to the money raised

For shares issued on or after 22 April 2009 all money raised by the relevant issue of shares must be applied for the purposes of a relevant trade within two years of the share issue1 or, if later, within two years from the commencement of the trade by the issuing company or a qualifying 90 percent subsidiary2. A 90% subsidiary is not deemed to be carrying on the trade for this purpose before it becomes a 90% subsidiary3

For shares issued before 22 April 2009 (and after 6 March 2001) at least 80%

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