The Venture Capital Trust (Winding up and Mergers) (Tax) (Amendment) Regulations 2011

Amendment of regulation 13

This section has no associated Explanatory Memorandum

11.—(1) Regulation 13 is amended as follows.

(2) In paragraph (3)—

(a)for “Schedule 15B”, the first time it appears, substitute “Chapter 2 of Part 6”; and

(b)for “Part 1 of Schedule 15B” in sub-paragraph (b), substitute “Chapter 2 of Part 6”.

(3) In paragraph (5), for “any of the paragraphs of Schedule 28B (except paragraph 9)” substitute “Chapter 4 of Part 6 (except section 296(1) and (2))”.

(4) In paragraph (6)—

(a)for “paragraph 9 of Schedule 28B” substitute “section 296(1) and (2)”; and

(b)in sub-paragraph (b) for “that paragraph” substitute “that section”.

(5) In paragraph (7), for “section 842AA(2)(b) to (d)” substitute “section 274(2)” and for “in accordance with subsection (5) of that section” substitute “in accordance with that section”.

(6) In paragraph (8)—

(a)for “paragraph 10B of Schedule 28B” and (in the parentheses) “paragraph 10B” substitute “section 289”, and

(b)for “section 842AA(5)” substitute “section 278(1) to (3)”.

(7) In paragraph (9)—

(a)for “section 842AA(4)” substitute “section 275(1) to (3)”,

(b)for “section 842AA” substitute “section 281”,

(c)for “subsection (7)” substitute “subsection (2)”, and

(d)for “subsections (8) and (9)”, in both places where it occurs, substitute “subsections (3) and (4)”.