VCM - Recent changes to this Manual
Below are details of the amendments that were published on 21
February 2005 (see the
update index for all updates).
Please note that updates are made to the Internet copy of
manuals a week or so after they are made to the version on the
Inland Revenue internal Intranet.
| Section | Title and details of the update |
| Contents | New chapters VCM69000 and VCM69500 added |
| VCM26010 | EIS: income tax relief:
effect of a disposal.
Cross reference at second bullet changed to VCM20550. |
| VCM26020 | EIS: income tax relief:
relief attributable to shares.
Final paragraph beginning ‘Suppose…..’ deleted. |
| VCM45000 | VC loss relief: general:
contents.
‘General’ added to heading of each page in chapter to match main contents page to correct earlier omission. |
| VCM60000 | VCT scheme: general:
contents.
New pages VCM60152 - VCM60157 added. |
| VCM60152 | VCT scheme: general:
exchange of shares or securities in the same company: valuation of
the new holding.
New page. |
| VCM60153 | VCT scheme: general:
exchange of shares or securities in the same company: valuation of
retained shares in the company.
New page. |
| VCM60154 | VCT scheme: general:
exchange of shares or securities for those in another company:
valuation of the new holding.
New page. |
| VCM60155 | VCT scheme: general:
reconstruction involving the issue of shares or securities:
valuation of the new holding.
New page. |
| VCM60156 | VCT scheme: general:
share exchanges and reconstructions: earn-outs.
New page. |
| VCM60157 | VCT scheme: general:
issue of shares or securities: apportioning value.
New page. |
| VCM60180 | VCT scheme: general:
approval: further share issues and the 70% and 30% tests.
Page expanded by addition of all paragraphs following heading ‘SI2004/2199 Regulation 14’. |
| VCM62000 | VCT scheme: qualifying
holdings: contents.
New pages VCM62380 - VCM62440 added. |
| VCM62370 | VCT scheme: qualifying
holdings: effect of reorganisation.
Page rewritten and expanded. |
| VCM62380 | VCT scheme: qualifying
holdings: exchange of shares or securities for shares or securities
in the same company.
New page. |
| VCM62400 | VCT scheme: qualifying
holdings: exchange of shares or securities for shares or securities
in another company.
New page. |
| VCM62420 | VCT scheme: qualifying
holdings: scheme of reconstruction involving issue of shares or
securities.
New page. |
| VCM62440 | VCT scheme: qualifying
holdings: company reconstructions and reorganisations: definition
of fully tradeable.
New page. |
| VCM66000 | VCT: disposal relief:
contents.
VCM67000 - VCM67100 renumbered as VCM66900 - VCM66950. Consequent cross reference changes made to VCM66010, VCM68160 and VCM68170. |
| VCM68000 | VCT deferral relief:
contents.
VCM69000 - VCM69230 renumbered as VCM68800 - VCM68930. Consequent cross reference changes made to VCM66010 and VCM68180. |
| VCM69000
onwards | VCT: winding up:
contents.
New chapter. |
| VCM69500
onwards | VCT: mergers: contents.
New chapter. |
