SCHEDULES

SCHEDULE 2Transitionals and savings

Part 8Venture capital trusts

The no guaranteed loan requirement

69

For the purpose of determining whether shares or securities are to be regarded as comprised in a company's qualifying holdings, section 288 does not apply in relation to shares or securities acquired F1before 6 April 2018 by a company by means of the investment of—

a

money raised by the issue before 2 July 1997 of shares in or securities of the investing company, or

b

money derived from the investment by that company of any such money.