SCHEDULES

SCHEDULE 8Venture capital schemes

21Commencement and transitional provision

1

Paragraph 7 is to be treated as having come into force on 6 April 2012.

2

The amendments made by that paragraph do not have effect in relation to an investment made by a VCT of protected money.

3

“Protected money” means—

a

money raised by the issue before 6 April 2012 of shares in or securities of the VCT, and

b

money derived from the investment of such money.