Finance Act 2000 (c. 17)

SCHEDULES

SCHEDULE 15 U.K. The corporate venturing scheme

Part VIII U.K. Deferral relief

Meaning of “deferral relief" U.K.

77 U.K. For the purposes of this Schedule “deferral relief” is attributable to any shares if—

(a) expenditure on the shares has been set under paragraph 76 against the whole or part of any gain, and

(b) there has been no chargeable event for the purposes of this Part in relation to the shares.