Section 65.
SCHEDULE 18U.K. Venture capital trusts: amendments
Part IU.K. Reduction of applicable periods
Relief from income taxU.K.
F11U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 18 para. 1 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
Deferred CGT charge on reinvestmentU.K.
2U.K.In Schedule 5C to the M1Taxation of Chargeable Gains Act 1992 (venture capital trusts: deferred charge on re-investment), in paragraph 3(2), in the definition of “the relevant period" for “five" substitute “ three ”.
Marginal Citations
CommencementU.K.
3U.K.The amendments made by this Part of this Schedule have effect in relation to shares issued on or after 6th April 2000.
F2Part IIU.K. Qualifying holdings
Textual Amendments
F2Sch. 18 Pt. II repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
F2 IntroductoryU.K.
F24U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2 Qualifying trade: receipt of royalties or licence feesU.K.
F25U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2 Meaning of “research and development"U.K.
F26U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2 Company in administration or receivershipU.K.
F27U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2 Company reorganisations et ceteralaetc. involving exchange of sharesU.K.
F28U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .