IFM14428 - Eligibility condition C

Condition C is that the company is not:

• a venture capital trust (‘VCT’) within the meaning of Part 6 of ITA 2007; or
• a UK Real Estate Investment Trust (‘REIT’) within the meaning of Part 12 of CTA 2010.

As both VCTs and UK REITs have their own applicable tax rules and approval processes it will be clearly evident as to what status a company has.