F2PART 5BTax relief for social investments
Annotations:
Amendments (Textual)
CHAPTER 4Eligibility: conditions relating to the social enterprise
Conditions relating to the social enterpriseF1: general
Annotations:
Amendments (Textual)
F1
Word in s. 257M cross-heading inserted (with effect in accordance with Sch. 1 para. 14(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 1 para. 6(1)
257MIThe no partnership requirement
1
The requirements in this section apply during the shorter applicable period.
2
The social enterprise must not be a member of any partnership.
3
Each 90% social subsidiary of the social enterprise must not be a member of a partnership.
Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1