Income Tax Act 2007 Explanatory Notes

Section 314: Power to treat VCT-in-liquidation as VCT

929.This section allows regulations to treat a VCT-in-liquidation as if it remained a VCT and withdrawal of its VCT approval as taking place at a time different to when withdrawal actually takes place. It is based on paragraph 2 of Schedule 33 to FA 2002.

Back to top