# Income Tax Act 2007, Section 314: Power to treat VCT-in-liquidation as VCT


(1) Regulations may make provision for tax enactments specified by the regulations to have effect as if—
(a) a VCT-in-liquidation that is not a VCT were, or were during any prescribed period of its winding up, a VCT,
(b) VCT approval withdrawn from a company—
(i) at any time during the period when it is a VCT-in-liquidation, or
(ii) at any time during a prescribed part of that period,
were withdrawn at a prescribed time (and not at the time when it is actually withdrawn).
(2) In this section “prescribed” means specified by, or determined under, regulations.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/314 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-314
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.