http://www.legislation.gov.uk/id/ukpga/2007/3

SCHEDULES

SCHEDULE 2Transitionals and savings

Part 8Venture capital trusts

Form and amount of relief

60 (1)

In relation to shares issued before 6 April 2006, section 263(2) applies with the substitution of “tax at the higher rate for the tax year on” for “30% of”.

(2)

In relation to shares issued before 6 April 2004, section 263(2) applies with the substitution of “the savings rate” for “the higher rate”.