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Contents

Legislation
Income Tax Act 2007

Crossheading The requirements

  • Section 173 The shares requirement
  • Section 173A The maximum amount raised annually through risk finance investments requirement
  • Section 173AA Maximum risk finance investments at the issue date requirement
  • Section 173AB Maximum risk finance investments during period B requirement
  • Section 173B The spending of money raised by SEIS investment requirement
  • Section 174 The purpose of the issue requirement
  • Section 175 The use of the money raised requirement
  • Section 175A The permitted maximum age requirement
  • Section 176 The minimum period requirement
  • Section 177 The no pre-arranged exits requirement
  • Section 178 The no tax avoidance requirement
  • Section 178A The no disqualifying arrangements requirement
  1. The requirements
  2. The no tax avoidance requirement

Section 178 | The no tax avoidance requirement

From legislation.gov.uk

The relevant shares must be issued for genuine commercial reasons, and not as part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.

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