SCHEDULES

SCHEDULE 2Venture capital schemes

Interpretation

4

1

Schedule 4 to that Act (index of defined expressions) is amended as follows.

2

In column 2 of the entry for “eligible shares (in Chapter 3 of Part 6)”, for “285(3)” substitute “ 285(3A) and (3B) ”.

3

In column 1 of the entry for “the 30% eligible shares condition (in Chapter 3 of Part 6)”, for “30%” substitute “ 70% ”.

4

For the entry for “permanent establishment” substitute—

permanent establishment (except in Part 5 and Chapter 4 of Part 6)

section 1007A

permanent establishment (in Part 5)

section 191A

permanent establishment (in Chapter 4 of Part 6)

section 302A