# Corporation Tax Act 2010, Paragraph 315


(1) Amend Schedule 15 (the corporate venturing scheme) as follows.
(2) In paragraph 8—
(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
(b) in sub-paragraph (5) for “section 416(2) of that Act” substitute “ sections 450(2) to (4) of CTA 2010 ”.
(3) In paragraph 9(1) for “section 254 of the Taxes Act 1988” substitute “ section 1115 of CTA 2010 ”.
(4) In paragraph 17(3) for “section 840 of the Taxes Act 1988” substitute “ section 1124 of CTA 2010 ”.
(5) In paragraph 20(3) for “section 416(2) to (6) of the Taxes Act 1988” substitute “ sections 450 and 451 of CTA 2010 ”.
(6) In paragraph 21A for sub-paragraph (3) substitute—
“(3) In sub-paragraph (2) “property deriving its value from land” has the meaning given by section 833(2) of CTA 2010”.
(7) In paragraph 23A(1)(d) for “section 840 of the Taxes Act 1988” substitute “ section 1124 of CTA 2010 ”.
(8) In paragraph 33(3)(c)—
(a) for “section 344(2) of the Taxes Act 1988” substitute “ section 942 of CTA 2010 ”, and
(b) for “section 343” substitute “ section 941 ”.
(9) In paragraph 33(5) for “section 416(2) to (6) of the Taxes Act 1988” substitute “ sections 450 and 451 of CTA 2010 ”.
(10) In paragraph 46(2)(a) omit “for full consideration”.
(11) In paragraph 70—
(a) in sub-paragraph (1)(a) for “section 573 of the Taxes Act 1988” substitute “ Chapter 5 of Part 4 of CTA 2010 ”,
(b) omit sub-paragraph (1)(b) and the word “and” immediately before it, and
(c) in sub-paragraph (2)(a) for “section 573(2) of the Taxes Act 1988” substitute “ section 70 of CTA 2010 ”.
(12) In paragraph 94(4) for “section 834(1) of the Taxes Act 1988” substitute “ section 1119 of CTA 2010 ”.
(13) In paragraph 102(1)—
(a) in the definition of “director” for “section 417(5) of the Taxes Act 1988” substitute “ section 452 of CTA 2010 ”,
(b) in the definition of “ordinary share capital” for “section 832(1) of the Taxes Act 1988” substitute “ section 1119 of CTA 2010 ”,
(c) in the definition of “research and development” for “section 837A of the Taxes Act 1988” substitute “ section 1138 of CTA 2010 ”, and
(d) at the appropriate place insert—
““CTA 2010” means the Corporation Tax Act 2010;”.
(14) In paragraph 102(3) for “Section 839 of the Taxes Act 1988” substitute “ Section 1122 of CTA 2010 ”.
(15) In paragraph 103 at the appropriate place insert—
“
CTA 2010
paragraph 102(1)
”

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Source: https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/315 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-315
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.