Point in time view as at 01/04/2008.
There are currently no known outstanding effects for the Income Tax Act 2007, Cross Heading: Loss of relief if shares disposed of within 5 years.
62(1)In relation to shares issued before 6 April 2006—U.K.
(a)subsection (1) of section 266 applies with the substitution of “3 years” for “5 years”, and
(b)subsection (4) of that section applies with the omission of “30% of” and the insertion at the end of “multiplied by the higher rate for the tax year in which the shares were issued”.
(2)In relation to shares issued before 6 April 2004, section 266(4) applies with the substitution of “the savings rate” for “the higher rate”.
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