[173AA Maximum risk finance investments at the issue date requirement]
Income Tax Act 2007 (2007 c 3) | Legislation

[173AA  Maximum risk finance investments at the issue date requirement]

[(1)     The total amount of relevant investments made in the issuing company on or before the issue date must not exceed—

(a)     if the issuing company is a knowledge-intensive company at the issue date (see section 252A), £20 million, and

(b)     in any other case, £12 million.

(2)     In subsection (1) the reference to relevant investments made in the issuing company includes—

(a)     any relevant investment made in any company that at the issue date is, or has at any time before that date been, a 51% subsidiary of the issuing company (including investments made in such a company before it became such a subsidiary but, if it is not such a subsidiary at the issue date, not investments made in it

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