[257QJ Repayments etc of share capital to other persons]
Income Tax Act 2007 (2007 c 3) | Legislation

[Repayments etc of investments to other persons]

[257QJ  Repayments etc of share capital to other persons]

[(1)     This section applies if any SI relief is attributable to the whole or any part of the investment and, at any time in the longer applicable period, the social enterprise or any subsidiary—

(a)     repays, redeems or repurchases any of its share capital which belongs to any member other than—

(i)     the investor, or

(ii)     a person who falls within subsection (5), or

(b)     makes any payment to any such member for giving up the member's

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