Related Commentary  Related HMRC Manuals

151(1)  The Treasury may make regulations providing that an individual who invests under a plan shall be entitled to relief from capital gains tax in respect of the investments.

151(2)  The provisions of Chapter 3 of Part 6 of ITTOIA 2005 (income from individual investment plans), except section 694(1) to (2) and 694A(1), shall apply in relation to regulations made under subsection (1) as they apply to regulations made under section 694(1), but with the following modifications–

(a)any reference to income tax is to be read as a reference to capital gains tax,

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.