Income Tax Act 2007 section 257FP

Acquisition of trade or trading assets

Section 257FP deals with the withdrawal of SEIS income tax relief where the company or a qualifying subsidiary takes over a trade or trading assets previously carried on by another person, and the investor had a significant connection with that earlier trade.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.