VCM64040 - VCT scheme: reliefs:
'front-end' Income Tax relief: when relief is not due
ITA/S261(3) & S264
Relief is not due:
if the shares were acquired as part of a
tax avoidance scheme, or
if a loan was made which would not have
been made, or would not have been made on the same terms, if the
shares had not been subscribed for - see SP6/98.
