VCM62160 - VCT scheme: qualifying holdings: requirements regarding trade

ITA/S290

The trade referred to in VCM62150 must be a qualifying trade (see VCM17000 onwards) which is carried on wholly or mainly within the United Kingdom. (As regards the meaning of that phrase, see SP3/00.) If at any time the trade ceases to be carried on wholly or mainly within the United Kingdom, the holding ceases to be part of the VCT's qualifying holdings and can never regain that status.