F1PART 5BTax relief for social investments
Annotations:
Amendments (Textual)
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.
Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1