Income Tax Act 2007 s 262

s 262 Entitlement to claim relief

(1) An individual (“A”) who is eligible for VCT relief by reference to shares issued in a tax year is entitled to claim VCT relief for that year. (2) A is entitled to claim VCT relief in respect of the amount on which A is eligible for VCT relief by reference to all or some of the shares. This is subject to subsection (3). (3) A is not entitled to claim VCT relief for any tax year on an amount of more than £200,000.

Read this section in the full act → · Open Chapter 2 →

Read the official text ↗

Contains public sector information licensed under the Open Government Licence v3.0.

What to look at next

Income Tax Act 2007, full textChapter navigation and full text, so you can read this section in contextUK legislation UK Legislation by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year Chapter 2 — VCT relief — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections