Section 25

INTRODUCTORY

1  Part 5 of ITA 2007 (enterprise investment scheme) is amended as follows.

LIMITING ELIGIBILITY FOR RELIEF TO INVESTMENTS MADE BEFORE 2025

2(1)  Section 157 (eligibility for EIS relief) is amended as follows.

2(2)  [Inserts ITA 2007, s. 157(1)(aa).]

2(3)  [Inserts ITA 2007, s. 157(1A).]

THE INVESTOR

3  [Inserts ITA 2007, s. 162(ba).]

4  [Inserts ITA 2007, s. 164A.]

5  [Inserts ITA 2007, s. 166(1A).]

GENERAL REQUIREMENTS

6  In section 172 (overview of Chapter 3: general requirements)–

(a)[amends ITA 2007, s. 172(aa),]

(b)[inserts ITA 2007, s. 172(aaa) and (aab),]

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