266 Loss of relief if shares disposed of within 5 years
Income Tax Act 2007 (2007 c 3) | Legislation

Loss of relief

266  Loss of relief if shares disposed of within 5 years

(1)     This section applies, subject to section 267 (spouses or civil partners), if an individual—

(a)     obtains VCT relief in respect of eligible shares in a VCT, and

(b)     makes a disposal of those shares within 5 years of their issue to the individual.

(2)     In the case of a disposal

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