SCHEDULES
SCHEDULE 1Rates of capital gains tax
Amendments of FA 2008
10
In Schedule 3 to FA 2008 (entrepreneurs' relief), in paragraph 7 (transitionals: reorganisations)—
a
in sub-paragraph (5), for “section 169N(1) to (3)” substitute “
section 169N(1) and (2)
”
;
b
after sub-paragraph (7) insert—
7A
Section 169N(3) to (4B) is to apply to the deemed chargeable gain found in accordance with sub-paragraphs (5) to (7).
11
In paragraph 8 of that Schedule (transitionals: EIS and VCT)—
a
in sub-paragraph (7), for “section 169N(1) to (3)” substitute “
section 169N(1) and (2)
”
;
b
after sub-paragraph (9) insert—
9A
Section 169N(3) to (4B) is to apply to the amount treated as accruing in accordance with sub-paragraphs (7) to (9).