Section 237 — Corporation Tax Act 2010: Securities or shares: no claim after disposal or excessive receipts of value

Securities or shares: no claim after disposal or excessive receipts of value 237 1 If the investment consists of securities or shares, a claim made for an accounting period must relate only to those securities or shares held by the investor, as sole beneficial owner, continuously throughout the period—

a beginning when the investment is made, and b ending immediately before the qualifying date relating to the accounting period.

2 No claim may be made for an accounting period if before the qualifying date relating to that period paragraphs (a) to (d) of section 247(1) (receipts of value in the 6 year period exceeding permitted limits) apply in relation to the investment or any part of it.

3 For the purposes of this section the qualifying date relating to an accounting period is the next anniversary of the investment date to occur after the end of that period.