322 Provision that may be made by regulations under section 321
Income Tax Act 2007 (2007 c 3) | Legislation

322  Provision that may be made by regulations under section 321

(1)     The provision that may be made under section 321(1) for a case where there is a merger of two or more companies (“the merging companies”) is as follows.

(2)     Provision for the successor company, or any of the merging companies, to be treated (whether at times before, during or after the merger) as a VCT for purposes of tax enactments specified by regulations.

(3)     Provision for section 266 (loss of relief on disposal of VCT shares within 5 years of their issue) not to apply in

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