15 Business investment relief
Finance (No 2) Act 2017 (2017 c 32) | Legislation

15  Business investment relief

(1)     Chapter A1 of Part 14 of ITA 2007 (remittance basis) is amended as follows.

(2)     In section 809VC (qualifying investments), in subsection (1)(a), after “issued to” insert “or acquired by”.

(3)     In section 809VD (condition relating to qualifying investments)—

(a)     in subsection (1), omit the “or” at the end of paragraph (b) and after that paragraph insert—

“(ba)     an eligible hybrid company, or”;

(b)     in subsection (2)(b), for “2” substitute “5”;

(c)     in subsection (3)(c), for “2” substitute “5”;

(d)     after subsection (3) insert—

“(3A)     A company is an “eligible hybrid company” if—

(a)     it is a private limited company,

(b)     it is not an eligible trading company or an eligible stakeholder company,

(c)

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