Commentary

D8.352 Value received by the investing company

Corporate tax
Corporate tax | Commentary

D8.352 Value received by the investing company

Corporate tax | Commentary

D8.352 Value received by the investing company

Investment relief is reduced or withdrawn if the investing company receives more than insignificant value from the issuing company during the restriction period relating to the relevant shares1. (The restriction period begins one year before the shares are issued and ends at the end of the qualification period2.) This rule also covers receipts of value by any person connected with the investing company, and receipts of value from any person connected with the issuing company, when the connection existed at any time during the restriction period (not merely at the material time)3.

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