F1PART 5BTax relief for social investments

Annotations:
Amendments (Textual)
F1

Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1

CHAPTER 2Eligibility for relief: basic rule and key definitions

Key definitions

257KC“Shorter applicable period” and “longer applicable period”

1

In this Part “the shorter applicable period” and “the longer applicable period” have the meaning given by this section.

2

The shorter applicable period begins with the investment date.

3

The longer applicable period begins with—

a

the day on which the social enterprise is—

i

incorporated (if it is a body corporate), or

ii

established (in any other case), or

b

if later, the day whose first anniversary is the investment date.

4

Each of the periods ends with the third anniversary of the investment date.