Section 270 — Income Tax Act 2007: Assessment on withdrawal or reduction of relief

Assessment on withdrawal or reduction of relief 270 1 An assessment for withdrawing or reducing VCT relief under any of sections 266 to 269 must be made for the tax year for which the relief was obtained , and may be made at any time not more than 6 years after the end of that tax year .

2 No assessment for withdrawing or reducing VCT relief obtained by reference to shares issued to any individual may be made because of any event occurring after the individual's death.