CVS: investors and reliefs: qualification period
A company is a qualifying investing company in respect of an investment if it satisfies certain conditions, dealt with at VCM91060 onwards, throughout the qualification period related to the investment.
The qualification period related to any shares is defined as the period which starts when the shares are issued and ends with the later of:
- the day immediately before the third anniversary of the date of issue of the shares, and
- where at the time of the issue the company which is to use the money raised by the issue has not yet started to carry on that trade, the day immediately before the third anniversary of the date when it starts to trade.