Taxes Consolidation Act 1997 section 600E

Qualifying investment (company perspective)

Section 600E defines what constitutes a qualifying investment for the purposes of angel investor relief, setting out conditions that must be satisfied by the company raising the investment.

• The investment must be based on a business plan.
• The investment must be initial risk financing and cannot be an expansion risk finance investment or a follow-on risk finance investment.
• The qualifying company must provide a copy of the certificates of qualification to the qualifying investor or qualifying partnership at the time of investment.
• All three conditions must be met for an investment to be treated as a qualifying investment.