Section 314 | Power to treat VCT-in-liquidation as VCT

(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(b)VCT approval withdrawn from a company—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were withdrawn at a prescribed time (and not at the time when it is actually withdrawn).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.