Corporation Tax Act 2010 section 253

Receipts of value by or from connected persons

Section 253 extends the meaning of "the investor" and "the CDFI" in the rules about receiving value during the six-year period, so that connected persons are also caught by those rules.

• References to "the investor" or "the CDFI" in sections 246 to 252 include persons connected with them
• The connection can exist at any time during the six-year period relating to the investment
• It does not matter whether the person is connected at the specific time the receipt of value occurs
• This extension applies where the context permits, recognising that not every reference in those sections can sensibly be read as including connected persons