http://www.legislation.gov.uk/ukpga/2010/4/section/228Corporation Tax Act 2010An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.texttext/xmlenStatute Law Database2024-06-20Expert Participation2024-05-15Corporation Tax Act 2010s. 658(1)(d)(e)Finance Act 2010Sch. 6 para. 31Sch. 6 para. 35Corporation Tax Act 2010s. 357CHAFinance Act 2024Sch. 2 para. 14(7)Sch. 2 para. 16(2)Part 7Community investment tax reliefChapter 2Qualifying investmentsConditions to be met in relation to shares2281Condition A of this section is that the shares must be—asubscribed for wholly in cash, andbfully paid up on the investment date.2Condition B is that the shares must not carry—aany present or future right to be redeemed during the 5 year period, orbany present or future right to be converted into or exchanged for a loan which is, or securities, shares or other rights which are, redeemable within that period.3For the purposes of subsection (1)(b) shares are not fully paid up if there is any undertaking to pay cash to the CDFI at a future date in connection with the acquisition of the shares.
