Meaning of “VCT-in-liquidation"
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Finance Act 2002 SCHEDULE 33 — Venture capital trusts
Part 1 — Venture capital trusts: winding up
Power to treat VCT-in-liquidation as VCT
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Power to treat conditions for VCT approval as fulfilled with respect to VCT-in-liquidation
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Power to make provision about distributions by VCT-in-liquidation
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Power to facilitate disposals to VCT by VCT-in-liquidation
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Provision in respect of periods before and after winding-up
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Part 1: supplementary provisions and interpretation
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Part 2 — Venture capital trusts: mergers
Power to facilitate mergers of VCTs
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Provision that may be made by regulations under paragraph 8(1)
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Meaning of “merger" and “successor company"
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Part 3 — Time allowed for VCT to invest money raised by further share issue
Power to disapply, or limit operation of, section 842AA(5B) of the Taxes Act 1988
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Withdrawal of VCT approval in cases for which provision made under paragraph 11
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Consequential amendment in section 842AA(5A) of the Taxes Act 1988
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Part 4 — Supplementary
Extension of existing powers to give effect to VCT reliefs
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Penalties for non-compliance with regulations under this Schedule
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Regulations under this Schedule: inclusion of supplementary etc provisions
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Interpretation of Schedule
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Back to Finance Act 2002 — full text
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