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SCHEDULES

SCHEDULE 5U.K.Venture capital trusts: further amendments

Qualifying holdings: exclusionsU.K.

11(1)In Schedule 2 to F(No.3)A 2010 (venture capital trusts), in paragraph 6(2)(b), after “the investing company” insert “ before 6 April 2018 ”.U.K.

(2)The 30% eligible shares condition does not apply in relation to an accounting period ending on or after 6 April 2018.

(3)In sub-paragraph (2) “the 30% eligible shares condition” means the condition referred to as such in section 274(2) of ITA 2007 as originally enacted.

Commencement Information

I1Sch. 5 para. 11 in force at 6.4.2018 for the purposes of the amendments made by that paragraph by S.I. 2018/931, reg. 4(e)