{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-315",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-315.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "schedule/1/paragraph/315",
  "kind": "paragraph",
  "number": "315",
  "heading": null,
  "text": "(1) Amend Schedule 15 (the corporate venturing scheme) as follows.\n(2) In paragraph 8—\n(a) in sub-paragraph (2) for “section 416(2) to (6) of the Taxes Act 1988” substitute “ sections 450 and 451 of CTA 2010 ”, and\n(b) in sub-paragraph (5) for “section 416(2) of that Act” substitute “ sections 450(2) to (4) of CTA 2010 ”.\n(3) In paragraph 9(1) for “section 254 of the Taxes Act 1988” substitute “ section 1115 of CTA 2010 ”.\n(4) In paragraph 17(3) for “section 840 of the Taxes Act 1988” substitute “ section 1124 of CTA 2010 ”.\n(5) In paragraph 20(3) for “section 416(2) to (6) of the Taxes Act 1988” substitute “ sections 450 and 451 of CTA 2010 ”.\n(6) In paragraph 21A for sub-paragraph (3) substitute—\n“(3) In sub-paragraph (2) “property deriving its value from land” has the meaning given by section 833(2) of CTA 2010”.\n(7) In paragraph 23A(1)(d) for “section 840 of the Taxes Act 1988” substitute “ section 1124 of CTA 2010 ”.\n(8) In paragraph 33(3)(c)—\n(a) for “section 344(2) of the Taxes Act 1988” substitute “ section 942 of CTA 2010 ”, and\n(b) for “section 343” substitute “ section 941 ”.\n(9) In paragraph 33(5) for “section 416(2) to (6) of the Taxes Act 1988” substitute “ sections 450 and 451 of CTA 2010 ”.\n(10) In paragraph 46(2)(a) omit “for full consideration”.\n(11) In paragraph 70—\n(a) in sub-paragraph (1)(a) for “section 573 of the Taxes Act 1988” substitute “ Chapter 5 of Part 4 of CTA 2010 ”,\n(b) omit sub-paragraph (1)(b) and the word “and” immediately before it, and\n(c) in sub-paragraph (2)(a) for “section 573(2) of the Taxes Act 1988” substitute “ section 70 of CTA 2010 ”.\n(12) In paragraph 94(4) for “section 834(1) of the Taxes Act 1988” substitute “ section 1119 of CTA 2010 ”.\n(13) In paragraph 102(1)—\n(a) in the definition of “director” for “section 417(5) of the Taxes Act 1988” substitute “ section 452 of CTA 2010 ”,\n(b) in the definition of “ordinary share capital” for “section 832(1) of the Taxes Act 1988” substitute “ section 1119 of CTA 2010 ”,\n(c) in the definition of “research and development” for “section 837A of the Taxes Act 1988” substitute “ section 1138 of CTA 2010 ”, and\n(d) at the appropriate place insert—\n““CTA 2010” means the Corporation Tax Act 2010;”.\n(14) In paragraph 102(3) for “Section 839 of the Taxes Act 1988” substitute “ Section 1122 of CTA 2010 ”.\n(15) In paragraph 103 at the appropriate place insert—\n“\nCTA 2010\nparagraph 102(1)\n”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/315",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}