SCHEDULES
SCHEDULE 16Venture capital schemes etc
Part 2Limit on amount raised annually by company through risk capital schemes
Transitional provision
C18
1
This paragraph applies for the purposes of—
a
paragraph 35A of Schedule 15 to FA 2000,
b
section 173A of ITA 2007 (including that section as applied by paragraph 1(6) of Schedule 5B to TCGA 1992), and
c
section 292A of ITA 2007.
2
References to investments made by a VCT do not include—
a
investments made on or before 5th April 2007,
b
investments of protected money (as defined by paragraph 6(6)).
3
References to shares in respect of which compliance statements are provided do not include—
a
shares issued before the day on which this Act is passed, or
b
shares issued to the managers of an approved fund which closed before that day.
4
Paragraph 2(5) (meaning of “the managers of an approved fund” etc) applies for the purposes of sub-paragraph (3)(b) above.