[292A The maximum amount raised annually through risk [finance investments] requirement]
Income Tax Act 2007 (2007 c 3) | Legislation

[292A  The maximum amount raised annually through risk [finance investments] requirement]

[(1)     The total amount of relevant investments made in the relevant company in the year ending with the date the relevant holding is issued [must not exceed—

(a)     if the company is a knowledge-intensive company at that date (see section 331A and subsection (6A)), £10 million, and

(b)     in any other case, £5 million].

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

(a)     relevant investments made in any company that has at any time in the year mentioned there been a 51% subsidiary of the relevant company (including investments made in such a company before it became such a subsidiary but, if it was not a subsidiary at the end of that year, not those made after it last ceased to be such a subsidiary),

(b)     any other relevant investment made in a company to the extent that the money raised by the investment has been employed for the purposes of a trade carried on by another company that has at any time in that year been a 51% subsidiary of the relevant company (but, if it is not such a subsidiary

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