Section 272 — Income Tax Act 2007: Regulations as to procedure etc

Regulations as to procedure etc 272 1 This section applies to VCT relief and relief for which the following provide—

a section 151A of TCGA 1992 (VCTs: reliefs),

b Schedule 5C to TCGA 1992 (VCTs: deferred charge on re-investment),

c Chapter 5 of Part 6 of ITTOIA 2005 (VCT dividends),

and d regulations under Chapter 5 of this Part.

2 The Treasury may by regulations make such provision as they consider appropriate for—

a giving effect to relief to which this section applies, and b preventing such relief from being given unless a claim is made in accordance with the regulations and such other requirements as may be imposed by the regulations have been met.

3 Regulations under this section may make provision as to the manner in which, and the persons by whom, relief to which this section applies is to be claimed.