Part 6Venture capital trusts
Chapter 5Powers: winding up and mergers of VCTs
Winding up
314Power to treat VCT-in-liquidation as VCT
(1)
Regulations may make provision for tax enactments specified by the regulations to have effect as if—
(a)
a VCT-in-liquidation that is not a VCT were, or were during any prescribed period of its winding up, a VCT,
(b)
VCT approval withdrawn from a company—
(i)
at any time during the period when it is a VCT-in-liquidation, or
(ii)
at any time during a prescribed part of that period,
were withdrawn at a prescribed time (and not at the time when it is actually withdrawn).
(2)
In this section “prescribed” means specified by, or determined under, regulations.