[257MNA Maximum amount where investment made in first 7 years]
Income Tax Act 2007 (2007 c 3) | Legislation

[Limits on amounts that may be invested]

[257MNA  Maximum amount where investment made in first 7 years]

[(1)     This section applies where—

(a)     the investment is made before the end of the period of 7 years beginning with the relevant first commercial sale, or

(b)     the investment is made after that period but—

(i)     a relevant investment was made in the social enterprise before the end of that period, and

(ii)     some or all of the money raised by that relevant investment was employed for the purposes of (or of part of)

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