[F1 PART 5B U.K.Tax relief for social investments

Textual Amendments

F1 Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1

CHAPTER 4 U.K.Eligibility: conditions relating to the social enterprise

Interpretation of conditions relating to the social enterprise U.K.

[F2 257MQAExcluded activities: nursing homes and residential care homes U.K.

(1) This section supplements section 257MQ(1)(bc).

(2) “Nursing home” means any establishment which exists wholly or mainly for the provision of nursing care—

(a) for persons suffering from sickness, injury or infirmity, or

(b) for women who are pregnant or have given birth.

(3) “Residential care home” means any establishment which exists wholly or mainly for the provision of residential accommodation, together with board and personal care, for persons in need of personal care because of—

(a) old age,

(b) mental or physical disability,

(c) past or present dependence on alcohol or drugs,

(d) any past illnesses, or

(e) past or present mental disorder.

(4) The activities of a person are not to be taken to fall within section 257MQ(1)(bc) unless that person has an estate or interest in, or is in occupation of, the nursing home or residential care home in question.]]

Textual Amendments

F2 S. 257MQA inserted (with application in accordance with Sch. 1 para. 15 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 1 para. 10(5)