Explanatory Notes

Income Tax Act 2007

2007 CHAPTER 3

20 March 2007

Commentary on Sections

Part 5: Enterprise investment scheme

Overview

Chapter 6: Withdrawal or reduction of EIS relief

Overview

Section 225: Insignificant repayments ignored for purposes of section 224

717.This section provides an exception to section 224 in certain cases where the repayment is insignificant. It is based on section 303AA(1) to (5) and section 312(1) of ICTA.