251 Restriction of relief to individuals on loans applied in acquiring shares in companies where a claim for “BES relief” or “film relief” is made in respect of amount subscribed for shares

Relief is not to be allowed under section 248 or that section as extended by section 250 in respect of any interest paid on any loan applied in acquiring ordinary shares of a company which are issued —

• on or after 20 April, 1990, where a claim for BES relief (including seed capital relief) is made under Part 16 in respect of the amount subscribed for the shares, or
• on or after 6 May, 1993, where a claim for film relief is made under section 481 in respect of the amount subscribed for the shares.

Relevant Date: Finance Act 2021