ELIGIBILITY FOR RELIEF

59  Section 261(4) does not apply in relation to shares acquired by a company before 1 December 2003.

Origin

Para. 59: FA 2003, s. 195(12) (part), Sch. 40, para. 1; ADO 2003 (SI 2003/3077), art. 2.


FORM AND AMOUNT OF RELIEF

60(1)  In relation to shares issued before 6 April 2006, section 263(2) applies with the substitution of “tax at the higher rate for the tax year on” for “30% of”.

60(2)  In relation to shares issued before 6 April 2004, section 263(2) applies with the substitution of “the savings rate” for “the higher rate”.

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