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.