[151A Venture capital trusts: reliefs]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[151A  Venture capital trusts: reliefs]

[(1)     A gain or loss accruing to an individual on a qualifying disposal of any ordinary shares in a company which—

(a)     was a venture capital trust at the time when he acquired the shares, and

(b)     is still such a trust at the time of the disposal,

shall not be a chargeable gain or, as the case may be, an allowable loss.

(2)     For the purposes of this section a disposal of shares is a qualifying disposal in so far as—

(a)     it is made by an individual who has attained the age of eighteen years;

(b)

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