http://www.legislation.gov.uk/uksi/2004/2199/contents/made

The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004

Business awards and grants

Income tax

Tax

King's Printer of Acts of Parliament

2017-07-04

INCOME TAX

TAXES

These Regulations make provision in relation to tax for the winding up of a venture capital trust, for mergers between venture capital trusts and for the tax treatment of a “further issue” of shares by any venture capital trust. Venture capital trusts (“VCTs”) are companies which are approved by the Inland Revenue under section 842AA of the Income and Corporation Taxes Act 1988. The Regulations are made under powers in Schedule 33 to the Finance Act 2002. The retrospective provision made by regulation 1(2) is authorised by Paragraph 16(1)(e) of that Schedule.