http://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/8
Finance Act 2012
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.
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Statute Law Database
2024-05-23
Expert Participation
2024-04-06
SCHEDULES
SCHEDULE 7Enterprise investment scheme
PART 1Enterprise investment scheme
Acquisition of shares or stock
8
In section 175 (the use of the money raised requirement), after subsection (1) insert—
1A
Employing money on the acquisition of shares or stock in a company does not of itself amount to employing the money for the purposes of a qualifying business activity.