# Income Tax Act 2007, Paragraph 394


(1) Amend Schedule 15 (the corporate venturing scheme) as follows.
(2) In paragraph 16(4) (the unquoted status requirement) after “Taxes Act 1988” insert “ or section 184(3) of ITA 2007 ”.
(3) In paragraph 55(4) (provision supplementary to paragraph 54) after “Taxes Act 1988” insert “ or Part 5 of ITA 2007 ”.
(4) In paragraph 56(3) (value received by other persons)—
(a) after “Taxes Act 1988”, in the first place where it occurs, insert “ or Part 5 of ITA 2007 ”,
(b) for “section 299 of that Act” substitute “ section 299 of the Taxes Act 1988 or section 209 of ITA 2007 ”,
(c) for “section 300(2)(a) of that Act” substitute “ section 300(2)(a) of the Taxes Act 1988 or section 216(2)(a) of ITA 2007 ”, and
(d) after “section 300 of the Taxes Act 1988” insert “ , section 214 of ITA 2007 ”.
(5) In paragraph 102 (minor definitions etc) after sub-paragraph (8) insert—
“(9) References in this Schedule to Part 5 of ITA 2007 or any provision of that Part are to a Part or provision that applies only in relation to shares issued after 5 April 2007.”

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/394 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-394
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.