Part 8 of Schedule 2 to ITA 2007 (transitional provision: venture capital trusts) is amended as follows.

In paragraph 69 (the no guaranteed loan requirement), after “acquired” insert “ before 6 April 2018 ”.

In paragraph 70 (the proportion of eligible shares requirement), in sub-paragraph (2), after “acquired” insert “ before 6 April 2018 ”.

In paragraph 81 (meaning of “excluded activities”), after “acquired” insert “ before 6 April 2018 ”.