SCHEDULES

SCHEDULE 3Entrepreneurs’ relief

PART 1Reduction in lifetime limit

1Reduction in lifetime limit

In section 169N of TCGA 1992 (entrepreneurs’ relief: amount of relief)—

a

in subsection (4), for “£10 million” substitute “£1 million”;

b

in subsection (4A), for “£10 million” substitute “£1 million”.