Income Tax Act 2007 section 257QG

Receipts of value by and from connected persons etc

Section 257QG extends the social investment tax relief rules on receiving value so that they also catch indirect payments, payments to associates, and value provided by persons connected with the social enterprise.

• Any payment or transfer to the investor includes one made indirectly, to the investor's order, or for the investor's benefit.
• References to the investor also cover any associate of the investor.
• References to the social enterprise also cover any person connected with it at any time during the longer applicable period, even if not connected at the specific time in question.
• These extended definitions apply across all the main receipt-of-value provisions for social investment tax relief.