F1PART 5BTax relief for social investments
Annotations:
Amendments (Textual)
CHAPTER 7Withdrawal or reduction of SI relief
Disposals
257RBCall options
1
This section applies if the investor grants an option which, if exercised, would bind the investor to sell the whole or part of investment.
2
The grant of the option is treated for the purposes of section 257R as a disposal—
a
of the investment, or
b
(as the case may be) of the part of the investment to which the option relates.
3
Nothing in this section prejudices section 257LB (no pre-arranged exits).
Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1