Commentary

D8.371 Qualifying investments

Corporate tax
Corporate tax | Commentary

D8.371 Qualifying investments

Corporate tax | Commentary

D8.371 Qualifying investments

The gain may only be deferred if a qualifying investment is made. An investment is a qualifying investment if the following four conditions are satisfied1:

  1.  

    (a)     the investing company subscribes for qualifying shares, ie shares that qualify for investment relief under the corporate venturing scheme;

  2.  

    (b)     the new shares are not issued by a prohibited company;

  3.  

    (c)     the shares are issued at a qualifying time; and

  4.  

    (d)     in the case of shares issued before the accrual of a gain that is to be deferred, they are held continuously2 from the issue date until the date the gain

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