SCHEDULES

SCHEDULE 16Venture capital schemes etc

Part 5Other amendments

EIS: approved investment funds

19

(1)

In Part 5 of ITA 2007 (enterprise investment scheme), in section 251(1)(c) (approved investment fund as nominee), for “6” substitute “ ;12 ”.

(2)

The amendment made by this paragraph has effect in relation to approved funds which closed or close on or after 7 October 2006.