Amendments

Legislation/Regulatory – FA2018 Sch. 5

Amount of relief

Legislation/Regulatory – ITA2007 s. 263, Sch. 2, para. 60

Amount raised annually through risk finance investments requirement

Legislation/Regulatory – FA2007 Sch. 16, para. 6, 8 ; ITA2007 s. 292A

Application and transitional provision

Legislation/Regulatory – F(No. 2)A2015 Sch. 6, para. 23

Approval

15 per cent holding condition

Commentary – Tax Reporter ¶326-220
Legislation/Regulatory – ITA2007 s. 277, Sch. 2, para. 64

70 per cent (formerly 30 per cent) eligible shares condition

Commentary – Tax Reporter ¶326-260
HMRC Guidance – VCM54170

70 per cent qualifying holdings condition

Commentary – Tax Reporter ¶326-240
HMRC Guidance – VCM54170

70 per cent qualifying holdings condition, disposal of holdings

Legislation/Regulatory – ITA2007 s. 280A

Appeals to tribunal

Legislation/Regulatory – SI 1995/1979 reg. 7

Applications for

Legislation/Regulatory – SI 1995/1979 reg. 3

Breach of conditions for

Legislation/Regulatory – SI 1995/1979 reg. 8-8J

Conditions for

Commentary – Tax Reporter ¶326-160 ; Tax Reporter ¶326-180
Legislation/Regulatory – ITA2007 s. 274, 275
HMRC Guidance – CG52830 ; VCM54020 ; VCM54030 ; VCM54050 ; VCM54060 ; VCM54070 ; VCM54080 ; VCM54140 ; VCM54175 ; VCM54180 ; VCM54182 ; VCM54183 ; VCM54184 ; VCM54250 ; VCM54260 ; VCM54270 ; VCM54290 ; VCM54330 ; VCM54340 ; VCM54360 ; VCM55360 ; VCM55410 ; VCM56010 ; VCM56040 ; VCM57060 ; VCM57080

Eligible shares condition

Commentary – Tax Reporter ¶326-260
HMRC Guidance – VCM54170

Generally

Commentary – Tax Reporter ¶326-140
Legislation/Regulatory – F(No. 2)A2015 Sch. 6, para. 4 ; ITA2007 s. 259

Income conditions

Commentary – Tax Reporter ¶326-200
Legislation/Regulatory – ITA2007 s. 276
HMRC Guidance – INTM254950 ; RDRM34040

Information powers

Commentary – Tax Reporter ¶326-310

Investment limits condition

Legislation/Regulatory – ITA2007 s. 280B

Liability for tax where provisional approval withdrawn

Legislation/Regulatory – SI 1995/1979 reg. 20

Liquidation

Commentary – Tax Reporter ¶326-320

Mergers

Commentary – Tax Reporter ¶326-340

Minimum investment on further issue condition

Commentary – Tax Reporter ¶326-272

No business acquisition condition

Commentary – Tax Reporter ¶326-277
Legislation/Regulatory – ITA2007 s. 280D

Notice of

Legislation/Regulatory – SI 1995/1979 reg. 4

Permitted investment limits

Commentary – Tax Reporter ¶326-270

Permitted maximum age condition

Commentary – Tax Reporter ¶326-275
Legislation/Regulatory – ITA2007 s. 280C

Provisional

Commentary – Tax Reporter ¶326-180

Qualifying holdings and eligible shares, conditions

Legislation/Regulatory – ITA2007 s. 280, Sch. 2, para. 66
HMRC Guidance – VCM54170 ; VCM57060 ; VCM58060

Refusal

Legislation/Regulatory – SI 1995/1979 reg. 5

Reporting requirements

Commentary – Tax Reporter ¶326-300

Time from when approval has effect

Legislation/Regulatory – ITA2007 s. 283

Value of investments, conditions

Legislation/Regulatory – ITA2007 s. 278, 279, Sch. 2, para. 65
HMRC Guidance – VCM54070 ; VCM54160 ; VCM54190 ; VCM54200 ; VCM54210 ; VCM54220

Winding-up

Commentary – Tax Reporter ¶326-320

Withdrawal

Legislation/Regulatory – ITA2007 s. 268, 282, 282 ; SI 1995/1979 reg. 6
HMRC Guidance – VCM56030 ; VCM57010 ; VCM57020

Withdrawal of

Commentary – Tax Reporter ¶326-280

Capital gains

Commentary – Quick Overview ¶15870 ; Quick Overview ¶8400

Chargeable gains

Deferral relief, shares issued pre-6 April 2004

Commentary – Tax Reporter ¶565-350

Disposal exemption

Commentary – Tax Reporter ¶565-300
HMRC Guidance – VCM52140

Entrepreneurs' relief

Commentary – Tax Reporter ¶573-450

Chargeable gains/allowable losses

Legislation/Regulatory – FA2004 Sch. 19, para. 7 ; FA95 s. 72(8) ; TCGA92 s. 151A, 151B

Conditions to be satisfied

Commentary – Quick Overview ¶8400

Consequential repeal

Legislation/Regulatory – F(No. 2)A2015 Sch. 6, para. 22

Consultation document

Reforms and expansions of tax-advantaged venture capital schemes

Commentary – Quick Overview ¶8400

Default terms in loan agreements

Legislation/Regulatory – SP 8/95

Deferral relief

Legislation/Regulatory – FA95 s. 72(8) ; TCGA92 s. 151A, 151B

Deferral relief where VCT shares issued before 6 April 2004

Chargeable event

Commentary – Tax Reporter ¶565-350

Definitions

Legislation/Regulatory – ITA2007 s. 332, Sch. 2, para. 90

Derivative contracts

Legislation/Regulatory – CTA2009 s. 638

Disposal exemption

Loss of VCT approval

Commentary – Tax Reporter ¶565-300
HMRC Guidance – VCM52140

Reorganisations

Commentary – Tax Reporter ¶565-300
HMRC Guidance – VCM52140

Share identification

Commentary – Tax Reporter ¶565-300
HMRC Guidance – VCM52140

Distributions, exemption from income tax

Commentary – Quick Overview ¶8415

Dividend exemption

Annual threshold exceeded

Commentary – Tax Reporter ¶326-100

Dividends

Commentary – Tax Reporter ¶326-090

Part disposals, identification

Commentary – Tax Reporter ¶326-110

Qualifying investor

Commentary – Tax Reporter ¶326-080

Reorganisations, identification

Commentary – Tax Reporter ¶326-120

Share identification

Commentary – Tax Reporter ¶326-110 ; Tax Reporter ¶326-120

Dividends, exemption from tax

Annual acquisition limit exceeded

Legislation/Regulatory – ITTOIA2005 s. 710

Generally

Legislation/Regulatory – ITTOIA2005 s. 709
HMRC Guidance – VCM51200

Identification of shares after disposals

Legislation/Regulatory – ITTOIA2005 s. 711

Identification of shares after reorganisations etc.

Legislation/Regulatory – ITTOIA2005 s. 712

Earn-out shares or securities

Legislation/Regulatory – SI 2002/2661 reg. 10

Eligibility for relief

Legislation/Regulatory – ITA2007 s. 261, Sch. 2, para. 59
HMRC Guidance – VCM51020 ; VCM51040 ; VCM51050

Entitlement to claim relief

Legislation/Regulatory – ITA2007 s. 262
HMRC Guidance – VCM51030

Entrepreneurs' relief

Legislation/Regulatory – FA2008 Sch. 3, para. 8

Exchange of shares and securities

Legislation/Regulatory – SI 2002/2661

Excluded activities

Coal production

Legislation/Regulatory – ITA2007 s. 307B

Electricity, subsidised generation or export of

Legislation/Regulatory – ITA2007 s. 309A

Hotels and comparable establishments

Legislation/Regulatory – ITA2007 s. 308

Licences, receipt of

Legislation/Regulatory – ITA2007 s. 306

Meaning

Legislation/Regulatory – ITA2007 s. 303
HMRC Guidance – VCM3010 ; VCM3020 ; VCM3030 ; VCM3040 ; VCM3050 ; VCM3060 ; VCM3070 ; VCM3080 ; VCM3090 ; VCM3100 ; VCM3110 ; VCM3120 ; VCM3130 ; VCM3140 ; VCM3150 ; VCM3160 ; VCM3170

Nursing homes and residential care homes

Legislation/Regulatory – ITA2007 s. 309

Property development

Legislation/Regulatory – ITA2007 s. 307

Provision of services/facilities for other businesses

Legislation/Regulatory – ITA2007 s. 310
HMRC Guidance – VCM3170

Royalties, receipt of

Legislation/Regulatory – ITA2007 s. 306

Shipbuilding

Legislation/Regulatory – ITA2007 s. 307A

Ships, leasing of

Legislation/Regulatory – ITA2007 s. 305

Steel production

Legislation/Regulatory – ITA2007 s. 307C

Wholesale and retail distribution

Legislation/Regulatory – ITA2007 s. 304
HMRC Guidance – VCM3030

Financial health requirement

Legislation/Regulatory – ITA2007 s. 180B

First commercial sale condition

No business acquisition condition

Legislation/Regulatory – F(No. 2)A2015 Sch. 6, para. 5(1)

Form of relief

Legislation/Regulatory – ITA2007 s. 263, Sch. 2, para. 60

Funding of management buy-outs

Legislation/Regulatory – IRInt. 118

Generally

Commentary – Quick Overview ¶15870 ; Key Data ¶3-325 ; Quick Overview ¶8400

Gross assets, value

Legislation/Regulatory – SP 2/06

Groups of companies, transfers within

Legislation/Regulatory – TCGA92 s. 101(1A), (1B), 101C, 171

Income tax relief

Annual claims

Legislation/Regulatory – SI 1995/1979 reg. 18

Certificate to be given to investor

Legislation/Regulatory – SI 1995/1979 reg. 9

Claims

Legislation/Regulatory – SI 1995/1979 reg. 16-19

Distributions

Legislation/Regulatory – SI 1995/1979 reg. 10

Dividend exemption

Commentary – Tax Reporter ¶326-080–Tax Reporter ¶326-120

Eligibility for

Commentary – Tax Reporter ¶326-020

Eligible shares, meaning

Commentary – Tax Reporter ¶326-030

Enduring declarations

Legislation/Regulatory – SI 1995/1979 reg. 11-15

Entitlement

Commentary – Tax Reporter ¶326-010

Generally

Commentary – Tax Reporter ¶326-000

Interim claims

Legislation/Regulatory – SI 1995/1979 reg. 17

Loan-linked investments

Legislation/Regulatory – SP 6/98

Reporting requirements

Commentary – Tax Reporter ¶326-060

Restricting relief of 'linked' sale

Commentary – Tax Reporter ¶326-025

Tax credit vouchers

Legislation/Regulatory – SI 1995/1979 reg. 21

Transfer to spouse or civil partner

Commentary – Tax Reporter ¶326-050

Withdrawal

Commentary – Tax Reporter ¶326-040

Information to be provided

Legislation/Regulatory – ITA2007 s. 271, 312A ; SI 1995/1979 reg. 24

Interpretation

Legislation/Regulatory – ITA2007 s. 273, 285, Sch. 2, para. 63, 67
HMRC Guidance – VCM54090 ; VCM54095 ; VCM54098 ; VCM54150 ; VCM54170 ; VCM56030

Intra-group transfers

Commentary – Tax Reporter ¶741-420

Investment, relief from income tax

Commentary – Quick Overview ¶8410

Linked loan, no entitlement to relief

Legislation/Regulatory – ITA2007 s. 265

Loan relationships

Commentary – Tax Reporter ¶718-000
Legislation/Regulatory – CTA2009 s. 396
HMRC Guidance – CFM37020

Loans to investors

Legislation/Regulatory – SP 6/98

Location of activity

Legislation/Regulatory – SP 3/00

Loss of investment relief

Commentary – Quick Overview ¶8411

Loss of relief

Approval withdrawn

Legislation/Regulatory – ITA2007 s. 268

Assessment on withdrawal or reduction of relief

Legislation/Regulatory – ITA2007 s. 270

Shares disposed of within 5 years

Legislation/Regulatory – ITA2007 s. 266, Sch. 2, para. 62
HMRC Guidance – VCM51090 ; VCM56030

Transfer of shares between spouses or civil partners

Legislation/Regulatory – ITA2007 s. 267

Where subsequently found not to be due

Legislation/Regulatory – ITA2007 s. 269

Meaning

Commentary – Quick Overview ¶8400
Legislation/Regulatory – ITA2007 s. 259 ; M08/14

Mergers

Generally

Commentary – Quick Overview ¶8400
Legislation/Regulatory – SI 2004/2199 reg. 9-13

Interpretation

Legislation/Regulatory – ITA2007 s. 325 ; SI 2004/2199 reg. 2

Meaning

Legislation/Regulatory – ITA2007 s. 323
HMRC Guidance – VCM56010

Power to facilitate

Legislation/Regulatory – ITA2007 s. 321, 322

Regulations

Legislation/Regulatory – ITA2007 s. 324

Successor company, meaning

Legislation/Regulatory – ITA2007 s. 323

No entitlement to relief

Legislation/Regulatory – ITA2007 s. 264, 265, Sch. 2, para. 61
HMRC Guidance – VCM51050

Other reliefs

Legislation/Regulatory – ITA2007 s. 260

Overview

Legislation/Regulatory – ITA2007 s. 258

Pensions contrasted

Commentary – 1.11

Permanent establishment

Meaning

Legislation/Regulatory – ITA2007 s. 302A, 1007A

Requirement

Legislation/Regulatory – ITA2007 s. 286A

Permitted maximum, meaning

Commentary – Quick Overview ¶8416

Provisional approval

Commentary – Quick Overview ¶8400

Qualifying holding requirements

Commentary – Quick Overview ¶8405

Qualifying holdings

Acquisition by new company

Legislation/Regulatory – ITA2007 s. 326-328
HMRC Guidance – VCM55290 ; VCM55310 ; VCM55330

Administration or receivership, ceasing to meet requirements

Legislation/Regulatory – ITA2007 s. 292, 331, Sch. 2, para. 73, 89

Amount raised annually through risk capital schemes requirement

Legislation/Regulatory – FA2007 Sch. 16, para. 6, 8 ; ITA2007 s. 292A

Carrying on a qualifying activity requirement

Legislation/Regulatory – ITA2007 s. 291, Sch. 2, para. 72
HMRC Guidance – VCM55110

Certain requirements of Chapter 3 to be treated

Legislation/Regulatory – ITA2007 s. 326A

Coal production, excluded activities

Legislation/Regulatory – ITA2007 s. 307A

Control and independence requirement

Commentary – Tax Reporter ¶326-620
Legislation/Regulatory – ITA2007 s. 296

Conversion of convertible shares and securities

Legislation/Regulatory – ITA2007 s. 329

Convertible shares

Commentary – Tax Reporter ¶326-740

Disqualifying arrangements

Legislation/Regulatory – ITA2007 s. 299A, 312A

Disqualifying arrangements requirement

Commentary – Tax Reporter ¶326-710

Ear-out rights

Commentary – Tax Reporter ¶326-840

Eligible shares requirement, proportion of

Legislation/Regulatory – F(No. 3)A2010 Sch. 2, para. 6 ; ITA2007 s. 289, Sch. 2, para. 70
HMRC Guidance – VCM54190 ; VCM54200 ; VCM54220 ; VCM54240 ; VCM55080 ; VCM57080

Employees, number of requirement

Legislation/Regulatory – FA2007 Sch. 16, para. 3(5)-(7) ; ITA2007 s. 297A

Employees, proportion of skilled requirement

Legislation/Regulatory – ITA2007 s. 297B

Excluded activities

Legislation/Regulatory – FA2018 Sch. 5, para. 8-11 ; ITA2007 s. 303-310, Sch. 2, para. 81-85

Financial health requirement

Commentary – Tax Reporter ¶326-420
Legislation/Regulatory – ITA2007 s. 286A

Financing management buy-outs

Commentary – Tax Reporter ¶326-560

Generally

Commentary – Tax Reporter ¶326-360
Legislation/Regulatory – ITA2007 s. 286

Gross asset requirement

Legislation/Regulatory – ITA2007 s. 297, Sch. 2, para. 76 ; SP 2/06
HMRC Guidance – VCM55240 ; VCM55320 ; VCM56070

Gross assets requirement

Commentary – Tax Reporter ¶326-640

Hotels and comparable establishments, excluded activities

Legislation/Regulatory – ITA2007 s. 308

Interpretation

Legislation/Regulatory – ITA2007 s. 313
HMRC Guidance – VCM3170 ; VCM55210 ; VCM55220

Knowledge-intensive company

Commentary – Tax Reporter ¶326-548

Leasing ships, excluded activities

Legislation/Regulatory – ITA2007 s. 305, Sch. 2, para. 83

Maximum amount raised under all risk capital schemes

Commentary – Tax Reporter ¶326-540

Maximum qualifying investment requirement

Commentary – Tax Reporter ¶326-440
Legislation/Regulatory – ITA2007 s. 287, Sch. 2, para. 68
HMRC Guidance – VCM55060 ; VCM55320 ; VCM55340 ; VCM56070

Maximum risk finance investments during the five-year post-investment period

Commentary – Tax Reporter ¶326-547

Maximum risk finance investments when relevant holding is issued

Commentary – Tax Reporter ¶326-545

No guaranteed loan requirement

Commentary – Tax Reporter ¶326-460
Legislation/Regulatory – ITA2007 s. 288, Sch. 2, para. 69
HMRC Guidance – VCM55070

Number of employees requirement

Commentary – Tax Reporter ¶326-660

Nursing homes and residential care homes, excluded activities

Legislation/Regulatory – ITA2007 s. 309

Permanent establishment requirement

Commentary – Tax Reporter ¶326-400
Legislation/Regulatory – ITA2007 s. 286A, 302A, 1007A

Permitted company age requirement

Commentary – Tax Reporter ¶326-570
Legislation/Regulatory – ITA2007 s. 294A

Power to amend Chapters 3 and 4 by treasury

Legislation/Regulatory – ITA2007 s. 330B

Power to make amendments

Legislation/Regulatory – ITA2007 s. 311

Property development, excluded activities

Legislation/Regulatory – ITA2007 s. 307

Property managing subsidiaries requirement

Commentary – Tax Reporter ¶326-700
Legislation/Regulatory – ITA2007 s. 299, Sch. 2, para. 77
HMRC Guidance – VCM55270

Proportion of eligible shares requirement

Commentary – Tax Reporter ¶326-480

Proportion of skilled employees requirement

Commentary – Tax Reporter ¶326-665

Provision of services or facilities for another business, excluded activities

Legislation/Regulatory – ITA2007 s. 310, Sch. 2, para. 85

Qualifying 90 per cent subsidiary, meaning

Legislation/Regulatory – ITA2007 s. 301, Sch. 2, para. 79
HMRC Guidance – VCM55170

Qualifying activity requirement

Commentary – Tax Reporter ¶326-520

Qualifying subsidiaries requirement

Commentary – Tax Reporter ¶326-680
Legislation/Regulatory – ITA2007 s. 298
HMRC Guidance – VCM55260

Qualifying subsidiary, meaning

Legislation/Regulatory – ITA2007 s. 302, Sch. 2, para. 80
HMRC Guidance – VCM55260

Qualifying trade, meaning

Legislation/Regulatory – ITA2007 s. 300, Sch. 2, para. 78
HMRC Guidance – VCM55100

Receipts of royalties and licence fees, excluded activities

Legislation/Regulatory – ITA2007 s. 306, Sch. 2, para. 84

Reconstructions

Commentary – Tax Reporter ¶326-760
Legislation/Regulatory – ITA2007 s. 326-328, Sch. 2, para. 87

Relevant company to carry on the relevant qualifying activity requirement

Legislation/Regulatory – ITA2007 s. 294, Sch. 2, para. 75
HMRC Guidance – VCM55160

Relevant company's qualifying activity

Commentary – Tax Reporter ¶326-580

Reorganisations

Commentary – Tax Reporter ¶326-760

Reorganisations involving exchange of shares

Legislation/Regulatory – ITA2007 s. 330, Sch. 2, para. 88

Requirements list

Commentary – Tax Reporter ¶326-380

Risk-to-capital requirement

Commentary – Tax Reporter ¶326-565

Share exchanges on formation of holding company

Commentary – Tax Reporter ¶326-720

Shares exchanged for others in same company

Commentary – Tax Reporter ¶326-780

Shares exchanged for those in another company

Commentary – Tax Reporter ¶326-800

Shares issued under a scheme of reconstruction

Commentary – Tax Reporter ¶326-820

Shipbuilding, excluded activities

Legislation/Regulatory – ITA2007 s. 307A

Spending money raised under seed enterprise investment scheme

Commentary – Tax Reporter ¶326-550

Steel production, excluded activities

Legislation/Regulatory – ITA2007 s. 307A

Trading requirement

Commentary – Tax Reporter ¶326-500
Legislation/Regulatory – ITA2007 s. 290, Sch. 2, para. 71
HMRC Guidance – VCM55090

Treasury powers to amend

Commentary – Tax Reporter ¶326-845

Unquoted status requirement

Commentary – Tax Reporter ¶326-600
Legislation/Regulatory – ITA2007 s. 295
HMRC Guidance – VCM15020 ; VCM55180 ; VCM55320 ; VCM55340

Use of money raised requirement

Commentary – Tax Reporter ¶326-560
Legislation/Regulatory – ITA2007 s. 293, Sch. 2, para. 74
HMRC Guidance – VCM54184 ; VCM55150 ; VCM55320 ; VCM55340 ; VCM56070

Wholesale and retail distribution, excluded activities

Legislation/Regulatory – ITA2007 s. 304, Sch. 2, para. 82

Winding up of the relevant company

Legislation/Regulatory – ITA2007 s. 312, Sch. 2, para. 86

Qualifying trades

Coal production

Commentary – Tax Reporter ¶326-920

Electricity, subsidised generation or export

Commentary – Tax Reporter ¶326-945

Excluded activities

Commentary – Tax Reporter ¶326-870

Generally

Commentary – Tax Reporter ¶326-860

Hotels and comparable establishments

Commentary – Tax Reporter ¶326-930

Leasing

Commentary – Tax Reporter ¶326-890

Nursing homes

Commentary – Tax Reporter ¶326-940

Property development

Commentary – Tax Reporter ¶326-910

Provision of services to persons carrying on qualifying activities

Commentary – Tax Reporter ¶326-950

Residential care homes

Commentary – Tax Reporter ¶326-940

Royalties and licence fees

Commentary – Tax Reporter ¶326-900

Shipbuilding

Commentary – Tax Reporter ¶326-920

Steel production

Commentary – Tax Reporter ¶326-920

Subsidised generation of heat or production of gas or fuel, excluded activities

Commentary – Tax Reporter ¶326-947

Subsidised generation or export of electricity

Commentary – Tax Reporter ¶326-945

Wholesale and retail distribution

Commentary – Tax Reporter ¶326-880

Re-investment, deferred charge on

Legislation/Regulatory – FA95 s. 72(8), Sch. 16

Reconstructions

Exchange of shares or securities

Legislation/Regulatory – SI 2002/2661

Transfer of assets

Legislation/Regulatory – TCGA92 s. 101B, 101C

Records to be kept by trust company

Generally

Legislation/Regulatory – SI 1995/1979 reg. 23

Inspection by officer of Revenue and Customs

Legislation/Regulatory – SI 1995/1979 reg. 25

Regulations as to procedure etc., power to make

Legislation/Regulatory – ITA2007 s. 272, 284

Relevant investments limit

Legislation/Regulatory – FA2007 Sch. 16, para. 6(4)-(6), 8 ; ITA2007 s. 292A

Reliefs

Capital gains tax

Commentary – Quick Overview ¶15870

Repeal of saving for investment of protected money

Legislation/Regulatory – F(No. 2)A2015 Sch. 6, para. 21

Returns

Legislation/Regulatory – SI 1995/1979 reg. 22

Transitional provisions

Legislation/Regulatory – FA2012 Sch. 8, para. 18-22

Valuation of assets

Legislation/Regulatory – SP 2/06

Winding up

Disposals

Legislation/Regulatory – ITA2007 s. 317

Distributions

Legislation/Regulatory – ITA2007 s. 316

Generally

Commentary – Quick Overview ¶8400
Legislation/Regulatory – SI 2004/2199 reg. 3-7

Interpretation

Legislation/Regulatory – ITA2007 s. 325

Periods before and after

Legislation/Regulatory – ITA2007 s. 318

Regulations, power to make

Legislation/Regulatory – ITA2007 s. 314-320, 324
HMRC Guidance – VCM56010

Relevant company

Legislation/Regulatory – ITA2007 s. 312, Sch. 2, para. 86

Transfer of investments in specie

Legislation/Regulatory – SI 2004/2199 reg. 8

Withdrawal of approval

Before notice of withdrawal

Legislation/Regulatory – ITA2007 s. 282

Companies

Legislation/Regulatory – ITA2007 s. 281
HMRC Guidance – VCM54330 ; VCM54340 ; VCM54400 ; VCM54420 ; VCM54430 ; VCM54440 ; VCM8200

Generally

Commentary – Quick Overview ¶8400

Loss of relief

Legislation/Regulatory – ITA2007 s. 268