Part 4: Income tax, corporation tax and capital gains tax Section 27: EIS, VCTs etc: excluded activities Details of the section
Subsection (1) amends section 192 of the Income Tax Act 2007 to add the activities of making reserve electricity generating capacity available, including any later utilisation of the capacity to generate electricity, to the list of excluded activities for the EIS (and the SEIS by virtue of subsection 257HF of ITA 2007).
	Subsection 2 amends section 303 of the Income Tax Act 2007 to add these same activities to the list of excluded activities for VCTs.
	Subsections 3 and 4 provide that the changes will take effect for the EIS, SEIS and VCTs in relation to shares or holdings issued on or after 30 November 2015.