Part 6Venture capital trusts
Chapter 2VCT relief
Loss of relief
270Assessment on withdrawal or reduction of relief
(1)
An assessment for withdrawing or reducing VCT relief under any of sections 266 to 269 must be made for the tax year for which the relief was obtained.
(2)
No assessment for withdrawing or reducing VCT relief obtained by reference to shares issued to any individual may be made because of any event occurring after the individual's death.