F1PART 5BTax relief for social investments

Annotations:
Amendments (Textual)
F1

Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1

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).