Income Tax Act 2007

Introduction

359 Overview of Chapter

(1) This Chapter provides for CITR to be withdrawn or reduced under—

(a) section 360 (disposal of loan during 5 year period),

(b) section 361 (disposal of securities or shares during 5 year period),

(c) section 362 (repayment of loan capital during 5 year period),

(d) section 363 (value received by investor during 6 year period: loans),

(e) section 364 (value received by investor during 6 year period: securities or shares),

(f) section 371 (CITR subsequently found not to have been due).

(2) This Chapter also provides for the manner in which CITR is to be withdrawn or reduced (see section 372).

(3) In this Chapter “the 6 year period” in relation to the investment is the period of 6 years beginning 12 months before the investment date.