Corporation Tax Act 2010 section 223

Meaning of "the 5 year period" and "the investment date"

Section 223 defines two key terms — "the 5 year period" and "the investment date" — that are used throughout this Part of the Act in connection with conditions imposed on the repayment or redemption of an investment.

• "The investment date" is simply the day on which the investment is made.
• "The 5 year period" is a period of five years that begins on the investment date.
• During this five-year window, specific conditions regarding the repayment or redemption of the investment must be satisfied.
• These two definitions apply consistently wherever the terms appear in this Part of the Corporation Tax Act 2010.