Section 257SC — Finance Act 2014: Cases where assessment not to be made

Cases where assessment not to be made 257SC 1 No assessment for withdrawing or reducing SI relief in respect of the investment may be made because of an event occurring after the investor's death.

2 Subsection (3) applies if the investor has, by a disposal or disposals to which section 257R(3) applies, disposed of all investments which—

a have been made by the investor in the social enterprise, and b are investments—

i to which SI relief is attributable, or ii have not been held by the investor until the end of the third anniversary of the date on which they were made.

3 No assessment for withdrawing or reducing SI relief in respect of those investments may be made because of any subsequent event unless the event occurs at a time when the requirements of sections 257LF, 257LG and 257LH are not met in relation to the investor by reference to any of those investments.