Commentary

D8.350 Withdrawal or restriction of investment relief generally

Corporate tax
Corporate tax | Commentary

D8.350 Withdrawal or restriction of investment relief generally

Corporate tax | Commentary

Withdrawal or restriction of investment relief

D8.350 Withdrawal or restriction of investment relief generally

Investment relief may be withdrawn or restricted where:

  1.  

    (a)     the investing company disposes of the shares during the qualification period (see D8.351);

  2.  

    (b)     the investing company (or connected persons) receives significant value during the restriction period (see D8.352);

  3.  

    (c)     the issuing company (or its subsidiary) repays, redeems or repurchases its share capital, or makes a payment to the shareholder for giving up rights to the share capital, during the restriction period (see D8.355); or

  4.  

    (d)     an option is granted over the relevant shares during the

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