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For the latest New Development, see ND.2564.

An innovative finance account consists of a single Innovative finance component which may consist of¹:

1. Ìý

   •ÌýÌýÌýÌý Payments of interest, capital or profit to the account investor or the account manager made under an article 36H agreement, provided that agreement is on genuinely commercial terms and is not part of an avoidance scheme. From 6 April 2023 onwards, (a) the payment must not be made to a lender by reason of status/prospective status of the account investor or another person (ie their status as an employee, office holder, partner, trustee), (b) the borrower and lender must not be connected ('connected' means the investor directly or indirectly owns or has the right to acquire more than 30% of the ordinary share capital, voting rights or assets on a winding up²), and (c) the payment must not be connected with any other