Section 258 — Income Tax Act 2007: Overview of Part

Overview of Part 258 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.