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HMRC internal manual

Venture Capital Schemes Manual

HM Revenue & Customs
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VCT: VCT qualifying holdings: control requirement


The relevant company must not control (whether on its own or with any person connected with it) any company which is not a qualifying subsidiary of the relevant company, and there must be no arrangements in place which could result in that happening.

See VCM55210 for the meaning of ‘control’ in this section, and VCM55230 for the meaning of ‘connected’.