[257MNC Maximum amount for cases outside section 257MNA]
Income Tax Act 2007 (2007 c 3) | Legislation

[257MNC  Maximum amount for cases outside section 257MNA]

[(1)     This section applies where—

(a)     the investment is made at any time after the period mentioned in section 257MNA(1)(a), and

(b)     it is not the case that the conditions in section 257MNA(1)(b)(i) and (ii) are met.

(2)     Where this section applies—

(a)     the total amount of relevant investments made in the social enterprise on or before the date when the investment is made must not exceed £1.5 million, and

(b)     the amount invested must not be more than the amount mentioned in subsection (3).

(3)     That amount is the amount given by the formula—

((€200,000 - M) / (RCG

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