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Legislation
Income Tax Act 2007

CHAPTER 3 Eligibility: conditions relating to the investor and the investment

  • Section 257L Investment to be in new shares or new qualifying debt investments
  • Section 257LA Condition that the amount invested must have been paid over
  • Section 257LB The no pre-arranged exits requirements
  • Section 257LC The no risk avoidance requirement
  • Section 257LD The no linked loans requirement
  • Section 257LDA The existing investments requirement
  • Section 257LE The no tax avoidance requirement
  • Section 257LEA The no disqualifying arrangements requirement
  • Section 257LF Restrictions on being an employee, partner or paid director
  • Section 257LG The requirement not to be interested in capital etc of social enterprise
  • Section 257LH Requirement for no collusion with a non-qualifying investor
  1. Chapter 3 · Eligibility: conditions relating to the investor and the investment
  2. The no tax avoidance requirement

Section 257LE | The no tax avoidance requirement

From legislation.gov.uk

The investment must not be made as part of any arrangements the main purpose or one of the main purposes of which is the avoidance of tax.

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