SCHEDULES

SCHEDULE 15 The corporate venturing scheme

Part I Investment relief: introduction

Meaning of “investment relief"

1

This Schedule makes provision for—

(a)

relief against corporation tax (“investment relief”) on amounts subscribed by companies for shares (see this Part and Parts II to VI of this Schedule);

(b)

relief against income of companies for losses on disposals of shares to which investment relief is attributable (see Part VII of this Schedule); and

(c)

the postponement of certain chargeable gains of companies where the gains are reinvested in shares to which investment relief is attributable (see Part VIII of this Schedule).