For shares issued on or after 6 April 2012 the maximum annual aggregate amount of relevant investments made in the relevant company in the year to the date the relevant holding is issued must not exceed £5m or, for investments made on or after 6 April 2018, £10m if the relevant company is a knowledge intensive company1.
| Circumstance | Maximum amount |
| A relevant company | For shares issued on or after 6 April 2012 the maximum annual aggregate amount of relevant investments made in the relevant company in the year to the date the relevant holding is issued must not exceed £5m. |
| A knowledge intensive company | For investments made on or after 6 April 2018, if the relevant company is a knowledge intensive company (KIC) (see E3.267), the maximum annual aggregate amount of relevant investments made in the KIC in the year to the date the relevant holding is issued must not exceed £10m2.
For the higher limit to apply, the relevant company must be a knowledge intensive company on the date |
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