709 Venture capital trust dividends
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Chapter 5
Venture Capital Trust Dividends

709  Venture capital trust dividends

(1)     No liability to income tax arises in respect of a venture capital trust dividend if—

(a)     conditions A and B are met, and

(b)     where the dividend is paid in respect of shares acquired after 8th March 1999, condition C is met.

(2)     In subsection (1) a “venture capital trust dividend” means a dividend paid in respect of ordinary shares in a company which—

(a)     is a venture capital trust—

(i)     at the end of the accounting period in which the

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