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Home / Simons-Taxes /Personal and employment tax /Part E3 Reliefs for investors /Division E3.2 Venture Capital Trust schemes (VCTs) /VCTs—company conditions / E3.238 VCT company approval—the no business acquisition condition

E3.238 VCT company approval—the no business acquisition condition

Personal and employment tax

A VCT is prevented from investing in a company that goes on to use the money to acquire an existing trade, or part of a trade, either by buying the company carrying on the trade, buying the trade itself, intangible assets that have been employed previously in a trade or goodwill of

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I4.265 Lifetime transfers reported late

B5.301 Intellectual property—overview

I9.421 Situs of simple contract debts for IHT

I3.367 Fall in value relief—changes in interests in land

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

I5.226 Disposals of QIIPs for consideration

E8.811 National Insurance number—refusal of application

D3.410 Benefits provided by close companies to participators

D1.404B Large company definition for R&D tax relief

C3.1705 Non-qualifying tax years, and disposals of a main home under NRCGT

B3.1006 The relevant interest

C3.1713 PPR relief where a dependent relative occupied the residence prior to 6 April 1988

I11.215 IHT accounts—excepted settlements

I5.1212 Protector of a foreign trust

C2.1173 Interaction of the exemption election regime with other capital gains exemptions

C2.1016 Option to subscribe for shares in a company (share warrants)

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

B2.202 Capital receipts

I5.1304 Beneficiary with contingent interest