SCHEDULES
SCHEDULE 18Enterprise investment scheme
Part 2Deferral relief
16
1
In paragraph 13 (value received by investor) in sub-paragraph (2)(b)(i), for “on which he subscribed for the shares” substitute “
of issue of the shares
”
.
2
Subject to sub-paragraph (3), the amendment made by this paragraph has effect in relation to shares issued on or after 17th March 2004.
3
The amendment made by this paragraph does not have effect in relation to the repayment of a debt incurred before 17th March 2004 if—
a
the shares were subscribed for before that date, and
b
the debt was incurred on or after the date on which the shares were subscribed for.