[173AB Maximum risk finance investments during period B requirement]
Income Tax Act 2007 (2007 c 3) | Legislation

[173AB  Maximum risk finance investments during period B requirement]

[(1)     The requirement of this section applies if condition A or B is met.

(2)     Condition A is that—

(a)     a company becomes a 51% subsidiary of the issuing company at any time during period B,

(b)     all or part of the money raised by the issue of the relevant shares is employed for the purposes of a qualifying business activity which consists wholly or in part of a trade carried on by that company, and

(c)     that trade (or a part of it) was carried on by that company before it became a 51% subsidiary as mentioned in paragraph (a).

(3)     Condition B is that all or part of the money raised by the issue of the relevant shares is employed for the purposes of a qualifying business activity which consists wholly or in part of a trade which, during period B, becomes a relevant transferred trade.

(4)     The requirement of this section is that,

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