55Removing time limit on CGT relief in respect of re-investment under SEIS
This section has no associated Explanatory Notes
(1)In Schedule 5BB to TCGA 1992 (seed enterprise investment scheme: re-investment), in paragraph 1 (SEIS re-investment relief)—
(a)in sub-paragraph (2)(a), for “or the tax year 2013-14” substitute “or any subsequent tax year”, and
(b)in sub-paragraph (5A), in the definition of “the relevant percentage”, in paragraph (b), for “the tax year 2013-14” substitute “any subsequent tax year”.
(2)Accordingly, in section 150G of TCGA 1992 (which introduces Schedule 5BB), omit “in the tax years 2012-13 and 2013-14”.