A receipt of value on or after 7 March 2001 will not cause shares to be treated as never having been eligible shares or as ceasing to be eligible shares where the amount received is an amount of insignificant value.
An amount of insignificant value means an amount of value which:
•does not exceed £1,000, or
•if it exceeds £1,000, is insignificant in relation to the aggregate amount of gains deferred in respect of the total expenditure on the shares. (For the purpose of this test, ‘insignificant’ should be given its dictionary meaning of ‘trifling or completely unimportant’).