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.