Finance Act 2018

The minimum investment on further issue condition

5(1)Section 274 of ITA 2007 is amended as follows.

(2)In the table in subsection (2), after the entry for “the investment limits condition” insert—

The minimum investment on further issue conditionThe company has not breached and will not breach, in the relevant period, the minimum investment on further issue condition

(3)In subsection (3), after paragraph (f) insert—

(fa)the minimum investment on further issue condition by section 280BA,