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Legislation

Income Tax Act 2007

Crossheading Conditions relating to the social enterprise: general

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Section 257M The continuing to be a social enterprise requirement
Section 257MA The amount raised from investments potentially eligible for relief
Section 257MB Power to amend limits on amounts raised
Section 257MC The gross assets requirement
Section 257MD The unquoted status requirement
Section 257ME The control and independence requirements
Section 257MF The qualifying subsidiaries requirement
Section 257MG The property-managing subsidiaries requirement
Section 257MH The number of employees requirement
Section 257MI The no partnership requirement
Section 257MIA The financial health requirement
Section 257MJ The trading requirement
Section 257MK Ceasing to meet trading requirement: administration or receivership
Section 257ML The issue must be to raise money for chosen trade or preparing for it
Section 257MM Requirement to use money raised and to trade for minimum period
Section 257MN The social enterprise must carry on the chosen trade

Income Tax Act 2007
Conditions relating to the social enterprise: general

Section 257MB | Power to amend limits on amounts raised

From legislation.gov.uk

16 September 2026

Provision repealed

The source marks this provision as repealed and does not provide content for this version.

Repealed^F1F2

Notes

F1
S. 257MB omitted (with effect in accordance with Sch. 1 para. 14(1)(2) of the amending Act) by virtue of Finance (No. 2) Act 2017 (c. 32), Sch. 1 para. 6(2)
F2
Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1

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