158 Form and amount of EIS relief

158(1) If an individual–

(a)is eligible for EIS relief (qualifying shares) in respect of any amount subscribed for shares, and

(b)makes a claim in respect of all or some of the shares included in the issue,

the individual is entitled to a tax reduction for the tax year in which the shares were issued (“the current year” ).

This is subject to the provisions of this Part.

158(2) The amount of the tax reduction to which the individual is entitled is the amount equal to tax at the EIS rate for the current year on–

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