[257MM Requirement to use money raised and to trade for minimum period]
Income Tax Act 2007 (2007 c 3) | Legislation

[257MM  Requirement to use money raised and to trade for minimum period]

[(1)     All of the money raised by the social enterprise from the making of the investment must, no later than the end of 28 months beginning with the investment date, be employed wholly for the funded purpose.

(2)     The chosen trade must have been carried on for a period of at least 4 months ending at or after the time the investment is made and, throughout that period, the trade—

(a)     must have been carried on by the social enterprise or a 90% social subsidiary of the social enterprise, and

(b)

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