Part 6

Venture capital trusts
Chapter 4

Qualifying holdings

Excluded activities

Excluded activities: producing coal
307B
1
This section supplements section 303(1)(ib).
2
“
Coal
” has the meaning given by Article 2 of Council Regulation
(
EC
)
No.
1407/2002
(state aid to coal industry).
3
The production of coal includes the extraction of it.
Ss. 307A-307C inserted (retrospective to 6.4.2008) by Finance Act 2008 (c. 9), Sch. 11 paras. 9, 10 (with Sch. 11 paras. 12, 13)