258Overview of PartU.K.
This section has no associated Explanatory Notes
In this Part—
(a)Chapter 2 provides for VCT income tax relief (“VCT relief”), that is, entitlement to tax reductions in respect of amounts subscribed by individuals for shares issued to them by venture capital trusts,
(b)Chapter 3 provides for VCT approvals,
(c)Chapter 4 makes provision as to the meaning of “qualifying holding” for the purposes of Chapter 3,
(d)Chapter 5 confers power for regulations to make provision in relation to the winding up and merger of venture capital trusts, and
(e)Chapter 6 makes supplementary and general provision.