327 Certain requirements of Chapter 4 to be treated as met
Income Tax Act 2007 (2007 c 3) | Legislation

327  Certain requirements of Chapter 4 to be treated as met

(1)     If this section applies, subsections (2) to (8) have effect to determine the extent to which, and the times for which, the requirements of the following provisions of Chapter 4 are met in relation to the new shares—

section 287 (the maximum qualifying investment requirement),

section 289 (the proportion of eligible shares requirement),

section 290 (the trading requirement),

section 291 (the carrying on of a qualifying activity requirement),

[section 292A (the maximum amount raised annually through risk finance investments requirement),

section 292AA (the maximum amount raised through risk finance investments when relevant holding is issued requirement),

section 292AB (the maximum risk finance investments during the 5-year post-investment period requirement),]

section 293 (the use of the money raised requirement),

section 294 (the relevant company to carry on the relevant qualifying activity requirement),

[section 294A (the permitted company age requirement),]

section 296 (the control and independence requirement), . . .

section 297 (the gross assets requirement)[, . . .

section 297A (the number of employees requirement)][, and

section 297B (the proportion of skilled employees requirement)].

(2)     If the requirements of sections 290 and 291 were met in relation to the

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