[101C Transfer within group to venture capital trust]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[101C  Transfer within group to venture capital trust]

[(1)     This section applies where—

(a)     an asset has been disposed of to a company (the “acquiring company”) and the disposal has been treated by virtue of section 171(1) as giving rise to neither a gain nor a loss,

(b)     at the time of the disposal the acquiring company was not a venture capital trust, and

(c)     the conditions set out in subsection (2) below are satisfied by the acquiring company.

(2)     Those conditions are satisfied by the acquiring company if—

(a)     it becomes a venture capital

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