SolvedSection 250 | The amount of value received
From legislation.gov.uk
(1)In a case falling within a provision listed in column 1 of the following table, the amount of value received for the purposes of this Chapter is given by the corresponding entry in column 2 of the table.
| Provision | The amount of value received |
|---|---|
| Section 249(1)(a) | The amount received by the investor |
| Section 249(1)(b) | The amount of the liability |
| Section 249(1)(c) | The amount of the loan or advance, less the amount of any repayment made before the investment is made |
| Section 249(1)(d)(i) | The cost to the CDFI of providing the benefit or facility, less any consideration given for it by the investor or any associate of the investor |
| Section 249(1)(d)(ii) | The cost to the CDFI of providing the benefit or facility, less any consideration given for it by the investor or any associate of the investor or by a person within subsection (2) |
| Section 249(1)(e) or (f) | The difference between the market value of the asset and the consideration (if any) received for it |
| Section 249(1)(g) | The amount of the payment |
(2)The persons within this subsection are—
(a)in a case where the benefit or facility was provided to a director or employee, the director or employee or any associate of the director or employee, and
(b)in a case where the benefit or facility was provided to an associate of a director or employee, the associate or the director or employee.