134 Transfer of company's assets to venture capital trust
Finance Act 1998 (1998 c 36) | Legislation

134  Transfer of company's assets to venture capital trust

(1)     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.”

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

“101B Transfer of company's assets to venture capital trust

(1)     Where section 139 has applied on the transfer of a company's business (in whole or in part) to a company which at the time of the transfer was not a venture capital trust, then if—

(a)     at any time after the transfer the company becomes a venture capital trust by virtue of an approval for the purposes of

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