Schedule 14 | Investment reliefs: venture capital schemes

Part 1Limits on gross assets of issuers of shares or securities

Enterprise investment scheme

(1)Repealed

Venture capital trusts

(2)Repealed

Corporate venturing scheme

(1)In paragraph 22(1) and (2) of Schedule 15 to FA 2000 (corporate venturing scheme: limits on value of gross assets of share-issuing company or its group)—

(a)in paragraph (a) (value must not exceed £15 million immediately before issue of relevant shares), for “£15 million” substitute “ £7 million ”, and

(b)in paragraph (b) (value must not exceed £16 million immediately after issue of relevant shares), for “£16 million” substitute “ £8 million ”.

(2)Sub-paragraph (1) has effect in relation to shares issued on or after 6th April 2006, subject to sub-paragraph (3).

(3)Sub-paragraph (1) does not have effect in relation to shares issued on or after 6th April 2006 to a person who subscribed for them before 22nd March 2006.

Part 2Rate of relief for investments in venture capital trusts

(4)Repealed

Part 3Enterprise investment scheme: maximum subscriptions and carry-back of relief

(5)Repealed

(6)Repealed

Part 4Lengthening of periods applicable to venture capital trusts

(7)Repealed

Part 5Venture capital trusts: meaning of “investments”

(8)Repealed