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SCHEDULES

SCHEDULE 1E+W+S+N.I.Rates of capital gains tax

Amendments of FA 2008E+W+S+N.I.

10In 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).

11In 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).