Statute
Section 314 — Income Tax Act 2007: Power to treat VCT-in-liquidation as VCT
Text of the provision Official document
Power to treat VCT-in-liquidation as VCT 314 1 Regulations may make provision for tax enactments specified by the regulations to have effect as if—
a a VCT-in-liquidation that is not a VCT were, or were during any prescribed period of its winding up, a VCT, b VCT approval withdrawn from a company—
i at any time during the period when it is a VCT-in-liquidation, or ii at any time during a prescribed part of that period, were withdrawn at a prescribed time (and not at the time when it is actually withdrawn).
2 In this section “ prescribed ” means specified by, or determined under, regulations.
Official source: legislation.gov.uk
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