Section 259 | Venture capital trusts and VCT approvals

(1)In this Part “venture capital trust” means a company which—

(a)is not a close company, and

(b)is for the time being approved for the purposes of this Part by the Commissioners for Her Majesty's Revenue and Customs (see Chapter 3),

and “VCT” means a venture capital trust.

(2)In this Part “VCT approval” means an approval of a company for the purposes of this Part.