363 Value received by investor during 6 year period: loans
Income Tax Act 2007 (2007 c 3) | Legislation

Receipts of value

363  Value received by investor during 6 year period: loans

(1)     This section applies if the investment consists of a loan and the investor receives any value (other than an amount of insignificant value) from the CDFI during the 6 year period.

(2)     The investor is treated for the purposes of—

(a)     section 337 (determination of “invested amount”), and

(b)     section 362 (repayments of loan capital),

as having received a repayment of the loan of an amount

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