SCHEDULES

SCHEDULE 2Transitionals and savings

Part 8Venture capital trusts

Meaning of “qualifying trade”

78

For the purpose of determining whether shares or securities are to be regarded as comprised in a company's qualifying holdings, section 300 applies in relation to shares or securities issued before 6 April 2007 with the following modifications—

a

in subsection (2), the omission of paragraph (b) and the “or” immediately before it, and

b

the omission of subsection (3).