SCHEDULES
SCHEDULE 33Venture capital trusts
Part 1Venture capital trusts: winding up
2Power to treat VCT-in-liquidation as VCT
1
Regulations may make provision for tax enactments specified by the regulations to have effect as if—
a
a VCT-in-liquidation that is not a venture capital trust were, or were during any prescribed period of its winding-up, a venture capital trust;
b
VCT approval withdrawn from a company—
i
at any time during the period when it is a VCT-in-liquidation, or
ii
at any time during a prescribed part of that period,
were withdrawn at a prescribed time (and not at the time at which it is actually withdrawn).
2
In this paragraph “prescribed” means specified by, or determined under, regulations.