SCHEDULES

SCHEDULE 6Seed enterprise investment scheme

PART 3Consequential amendments

20TCGA 1992

1

Section 150A (enterprise investment scheme) is amended as follows.

2

For “relief”, in each place it occurs (except subsections (6)(c) and (10)), substitute “EIS relief”.

3

In subsection (6)—

a

omit the “and” at the end of paragraph (b) and after that paragraph insert—

ba

shares to which SEIS relief is attributable; and

b

in paragraph (c), for “relief is not” substitute “neither EIS nor SEIS relief is”, and

c

after “paragraph (a), (b)” insert “, (ba)”.

4

In subsection (10), for “the relief” substitute “EIS relief”.

5

In subsection (10A), at the appropriate place, insert—

  • “EIS relief” means relief under Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007;

  • “SEIS relief” means relief under Part 5A of ITA 2007.