SCHEDULES

SCHEDULE 17Enterprise investment scheme: amendments

Part IReduction of applicable periods

Conditions relating to individuals

2

In section 291 of the Taxes Act 1988 (individuals qualifying for relief)—

a

in subsection (1)(b) for “seven year” substitute “designated”, and

b

for subsection (6) (definition of “the seven year period”) substitute—

6

In this Chapter “the designated period”, in relation to any eligible shares issued by a company, means the period—

a

beginning two years before the issue of the shares, and

b

ending immediately before the termination date relating to those shares.