Finance Act 2018 (c. 3)

SCHEDULES

SCHEDULE 5 U.K. Venture capital trusts: further amendments

The minimum investment on further issue condition U.K.

5 (1) Section 274 of ITA 2007 is amended as follows. U.K.

(2) In the table in subsection (2), after the entry for “the investment limits condition” insert—

“The minimum investment on further issue condition

The company has not breached and will not breach, in the relevant period, the minimum investment on further issue condition”

(3) In subsection (3), after paragraph (f) insert—

“(fa) the minimum investment on further issue condition by section 280BA,”

Commencement Information

I1 Sch. 5 para. 5 in force at 6.4.2018 for the purposes of the amendments made by that paragraph by S.I. 2018/931, reg. 4(c)