Finance Act 2012

20 (1) Section 150A (enterprise investment scheme) is amended as follows. U.K.

(2) For “relief”, in each place it occurs (except subsections (6)(c) and (10)), substitute “ EIS relief ”.

(3) In subsection (6)—

(a) omit the “and” at the end of paragraph (b) and after that paragraph insert—

“(ba) shares to which SEIS relief is attributable; and”,

(b) in paragraph (c), for “relief is not” substitute “ neither EIS nor SEIS relief is ”, and

(c) after “paragraph (a), (b)” insert “ , (ba) ”.

(4) In subsection (10), for “the relief” substitute “ EIS relief ”.

(5) In subsection (10A), at the appropriate place, insert—

““EIS relief” means relief under Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007;”, and

““SEIS relief” means relief under Part 5A of ITA 2007.”