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.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Income Tax Act 2007 section 257QJ
Repayments etc of share capital to other persons
Section 257QJ deals with the withdrawal or reduction of Social Investment (SI) relief when a social enterprise or its subsidiary uses funds to repay, redeem or repurchase share capital belonging to members other than the investor, ensuring that tax-advantaged funds are not used to provide an exit for earlier shareholders rather than funding the enterprise's activities.
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.