Income Tax Act 2007 section 257KA

Key to reading the rest of the Part

Section 257KA establishes how four key defined terms used throughout Part 5B (tax relief for social investments) should be interpreted.

• Four core terms — "the amount invested", "the investment", "the investor", and "the social enterprise" — carry specific defined meanings throughout Part 5B
• The definitions for all four terms are set out in section 257K(1), which deals with eligibility for social investment relief
• These defined meanings apply consistently across the whole of Part 5B, with one exception
• The exception is section 257N (attribution of social investment relief to investments), where these terms may carry a different meaning