VCM54050 - VCT: VCT approval: nature of the income condition
ITA07/S274(2) and S276
A VCT바카라 사이트™s income must derive wholly or mainly from shares or securities during the relevant period. HMRC will regard a VCT바카라 사이트™s income as being derived wholly or mainly from shares or securities where at least 70% of its income is derived from these sources.
The amounts of income to be brought into account in respect of any loan relationships covered by Part 5 of CTA 2009 should be calculated without reference to any of the company바카라 사이트™s debtor relationships. The excess of non-trading loan relationship credits over non-trading loan relationship debits is then to be treated as income of the VCT deriving from shares and securities. For more information on loan relationships, see CFM30000.