SCHEDULES
SCHEDULE 27Meaning of “offshore installation”
Part 2Minor and consequential amendments
Finance Act 2000 (c. 17)
6
1
Schedule 15 to the Finance Act 2000 (the corporate venturing scheme) is amended as set out in sub-paragraphs (2) to (4).
2
In paragraph 23 (the trading activities requirement), in sub-paragraph (8)(a)(i) for “oil rigs” substitute “
offshore installations
”
.
3
In paragraph 28 (excluded activities: leasing of ships), in sub-paragraph (1) for “oil rigs” substitute “
offshore installations
”
.
4
In paragraph 28(6) omit the definition of “oil rig”.
5
This paragraph has effect in relation to shares issued on or after 6th April 2004.
6
Nothing in this paragraph affects the operation of Schedule 15 to the Finance Act 2000 in relation to shares issued before that date.