Income Tax Act 2007 (c. 3)

SCHEDULES

SCHEDULE 2 U.K. Transitionals and savings

Part 8 U.K. Venture capital trusts

Meaning of “qualifying trade” U.K.

78 U.K. For the purpose of determining whether shares or securities are to be regarded as comprised in a company's qualifying holdings, section 300 applies in relation to shares or securities issued before 6 April 2007 with the following modifications—

(a) in subsection (2), the omission of paragraph (b) and the “or” immediately before it, and

(b) the omission of subsection (3).