[292AB Maximum risk finance investments during the 5-year post-investment period requirement]
Income Tax Act 2007 (2007 c 3) | Legislation

[292AB  Maximum risk finance investments during the 5-year post-investment period 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 relevant company at any time during the 5-year post-investment period,

(b)     all or part of the money raised by the issue of the relevant holding is employed for the purposes of a relevant qualifying 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 holding is employed for the purposes of a relevant qualifying activity which consists wholly or in part of a trade which, during the 5-year post-investment period, becomes a relevant transferred trade (see subsection (7)).

(4)     The requirement of this section is that, at all times during the 5-year post-investment period, the total

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