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.