Commentary

D8.301 Corporate venturing scheme—overview

Corporate tax
Corporate tax | Commentary

D8.301 Corporate venturing scheme—overview

Corporate tax | Commentary

Division D8.3     Corporate venturing scheme

For updates affecting this Division please see Part D0 Updates

Introduction to the corporate venturing scheme

D8.301 Corporate venturing scheme—overview

The corporate venturing scheme was introduced by FA 20001. It encourages equity investment by non-financial companies (investing companies) in small, high-risk trading companies (issuing companies), which are broadly the sort of company in which a Venture Capital Trust can invest2.

The scheme consists of a package of three separate reliefs3:

  1.  

    •     investment relief — relief against corporation tax for qualifying shares in an issuing company (see D8.340–D8.342)4

  2.  

    •     loss relief — relief against corporation tax for losses incurred on disposal of qualifying shares (see D8.360–D8.362)5, and

  3.  

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