Section 257KC — Finance Act 2014: “Shorter applicable period” and “longer applicable period”

“Shorter applicable period” and “longer applicable period” 257KC 1 In this Part “the shorter applicable period” and “the longer applicable period” have the meaning given by this section.

2 The shorter applicable period begins with the investment date.

3 The longer applicable period begins with—

a the day on which the social enterprise is—

i incorporated (if it is a body corporate), or ii established (in any other case), or b if later, the day whose first anniversary is the investment date.

4 Each of the periods ends with the third anniversary of the investment date.