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HMRC internal manual

Venture Capital Schemes Manual

CVS: investors and reliefs: receipt of value: qualifying payments

FA00/SCH15/PARA49 (5)

For the purpose of VCM91310, any payment of any of the following types is a qualifying payment:

  • a reasonable payment for goods, services or facilities,
  • a payment of interest at normal commercial terms,
  • a payment of a dividend which does not exceed a normal return on the investment,
  • a payment for an asset not exceeding its market value,
  • a payment of rent on normal commercial terms,
  • a payment to discharge a trade debt.