365 Receipts of insignificant value to be added together
Income Tax Act 2007 (2007 c 3) | Legislation

365  Receipts of insignificant value to be added together

(1)     This section applies if—

(a)     value is received (“the relevant receipt”) by the investor from the CDFI at any time during the 6 year period relating to the investment,

(b)     the investor has received from the CDFI one or more receipts of insignificant value at a time or times—

(i)     during that period, but

(ii)     not later than the time of the relevant receipt, and

(c)     the total amount of the value of the receipts within paragraph (a) and (b) is not an amount of insignificant value.

(2)     The

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