Income Tax Act 2007 (c. 3)

Part 6 U.K. Venture capital trusts

Chapter 1 U.K. Introduction

259 Venture capital trusts and VCT approvals U.K.

(1) In this Part “venture capital trust” means a company which—

(a) is not a close company, and

(b) is for the time being approved for the purposes of this Part by the Commissioners for Her Majesty's Revenue and Customs (see Chapter 3),

and “VCT” means a venture capital trust.

(2) In this Part “VCT approval” means an approval of a company for the purposes of this Part.