169 Directors qualifying for relief despite connection
Income Tax Act 2007 (2007 c 3) | Legislation

169  Directors qualifying for relief despite connection

(1)     Section 163(1) does not prevent the investor from being a qualifying investor despite the investor's connection with the issuing company at any time in period A relating to the relevant shares if—

(a)     the investor is connected with that company merely because of the investor, or the investor's associate—

(i)     being a director of, or of a company which is a partner of, the issuing company or a subsidiary of the issuing company, and

(ii)     being in receipt

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