Transitional provisionU.K.
8(1)This paragraph applies for the purposes of—U.K.
(a)paragraph 35A of Schedule 15 to FA 2000,
(b)section 173A of ITA 2007 (including that section as applied by paragraph 1(6) of Schedule 5B to TCGA 1992), and
(c)section 292A of ITA 2007.
(2)References to investments made by a VCT do not include—
(a)investments made on or before 5th April 2007,
(b)investments of protected money (as defined by paragraph 6(6)).
(3)References to shares in respect of which compliance statements are provided do not include—
(a)shares issued before the day on which this Act is passed, or
(b)shares issued to the managers of an approved fund which closed before that day.
(4)Paragraph 2(5) (meaning of “the managers of an approved fund” etc) applies for the purposes of sub-paragraph (3)(b) above.
Modifications etc. (not altering text)
C1Sch. 16 para. 8 excluded (15.3.2018) by Finance Act 2018 (c. 3), s. 15(1)(2)(a)