Schedule 7AD Gains of insurance company from venture capital investment partnershipF1

United Kingdom

1. Introduction
2. Meaning of “venture capital investment partnership”
3. Interest in relevant assets of partnership treated as single asset
4. The cost of the single asset
5. Deemed disposal of single asset in case of distribution
6. Apportionment in case of part disposal
7. Disposal of partnership asset giving rise to offshore income gain
8. Exclusion of negligible value claim
9. Investment in other venture capital investment partnerships
10. Interpretation
11. General commencement and transitional provisions
12. Election to remain outside Schedule
13. How and when election to be made