Income Tax Act 2007

Introduction U.K.

172 Overview of Chapter U.K.

The general requirements are met in respect of the relevant shares if the requirements of this Chapter are met as to—

(a) the shares (see section 173),

[F1 (aa) the maximum amount raised annually through risk capital schemes (see section 173A),]

(b) the purpose of the issue (see section 174),

(c) the use of the money raised (see section 175),

(d) the minimum period (see section 176),

(e) no pre-arranged exits (see section 177), and

(f) no tax avoidance (see section 178).

Textual Amendments

F1 S. 172(aa) inserted (19.7.2007) by Finance Act 2007 (c. 11), Sch. 16 para. 5(2) (with Sch. 16 para. 5(5)(6))