VCM8010 - Venture Capital Schemes: changes to the enterprise investment scheme and venture capital trusts rules introduced by Finance Act (No.2) 2015: introduction to the changes
Additional rules were introduced to the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) by Schedules 5 and 6 to the Finance (No.2) Act 2015 (F(2)A 2015).
»Ê¹ÚÌåÓýapp additional rules apply from 18 November 2015 to:
� shares issued under the EIS
� investments made by VCTs and
� for determining whether investments held by a VCT are to be regarded as qualifying holdings
This section explains how the additional rules apply. »Ê¹ÚÌåÓýapp information is presented as a new section in this manual but certain material will be incorporated under the scheme specific headings in due course.
»Ê¹ÚÌåÓýapp majority of the underlying rules for the EIS and VCTs remain unchanged. This section should be read in conjunction with the guidance in the rest of this manual.