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Section 134: Transfer of company's assets to venture capital trust.

Finance Act 1998 · 1998 c. 36View on legislation.gov.uk

Part III: Income Tax, Corporation Tax and Capital Gains Tax — Chapter II: Taxation of Chargeable Gains

In subsection (4) of section 139 of the Taxation of Chargeable Gains Act 1992 (reconstruction or amalgamation involving transfer of a business), after "investment trust" there shall be inserted " or a venture capital trust. "

After the section 101A of that Act inserted by section 133 above there shall be inserted the following section—

After subsection (1A) of section 101 of that Act there shall be inserted the following subsection—

Subsection (1) above applies to transfers made on or after 17th March 1998.

Subsections (2) and (3) above apply to a company in respect of which an approval for the purposes of Part 6 of the Income Tax Act 2007 (venture capital trusts) has effect as from a time falling on or after 17th March 1998.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.