Finance Act 2018 (c. 3)

SCHEDULES

SCHEDULE 5 U.K. Venture capital trusts: further amendments

Qualifying holdings: exclusions U.K.

11 (1) In Schedule 2 to F(No.3)A 2010 (venture capital trusts), in paragraph 6(2)(b), after “the investing company” insert “ before 6 April 2018 ”. U.K.

(2) The 30% eligible shares condition does not apply in relation to an accounting period ending on or after 6 April 2018.

(3) In sub-paragraph (2) “the 30% eligible shares condition” means the condition referred to as such in section 274(2) of ITA 2007 as originally enacted.

Commencement Information

I1 Sch. 5 para. 11 in force at 6.4.2018 for the purposes of the amendments made by that paragraph by S.I. 2018/931, reg. 4(e)