262Entitlement to claim reliefU.K.
This section has no associated Explanatory Notes
(1)An individual (“A”) who is eligible for VCT relief by reference to shares issued in a tax year is entitled to claim VCT relief for that year.
(2)A is entitled to claim VCT relief in respect of the amount on which A is eligible for VCT relief by reference to all or some of the shares.
This is subject to subsection (3).
(3)A is not entitled to claim VCT relief for any tax year on an amount of more than £200,000.