Section 16

Commencement Date

Amendments made by para. 1 to 9 come into force and have effect as follows:

(a)the amendments made by para. 1, 2, 5 and 6 have effect for shares issued on or after 6 April 2018; and

(b)the amendments made by para. 3, 4 and 7 to 9 have effect for investments made on or after 6 April 2018.

(SI 2018/931, reg. 3).


AMOUNT OF EIS RELIEF

1(1)  Section 158 of ITA 2007 (form and amount of EIS relief) is amended as follows.

1(2)  In subsection (2)(a), after “EIS relief” insert “(qualifying shares)”.

1(3)  In subsection (2)(b), for “£1 million” substitute “the allowable amount”.

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