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Changes over time for: Cross Heading: The relief
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 03/05/1994
Status:
Point in time view as at 01/02/1991.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 1988, Cross Heading: The relief.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
The reliefU.K.
2(1)In subsection (1) of section 289 (relief under the business expansion scheme), for paragraph (a) there shall be substituted—
“(a)those shares are issued to him after the passing of the Finance Act 1988 and before the end of 1993 for the purpose of raising money for qualifying activities which are being carried on by the company or which it intends to carry on;”
(2)In subsection (8) of that section, for paragraph (a) there shall be substituted—
“(a)in a case falling within subsection (1)(a) unless and until the company has carried on the activities for four months;”
(3)For subsection (9) of that section there shall be substituted—
“(9)A claim for relief may be allowed under subsection (1)(a) at any time after the activities have been carried on by the company for four months, if the conditions for the relief are then satisfied.”
(4)In subsection (12)(b) of that section, for the words from “either” onwards there shall be substituted the words “four years after that date”.
(5)Subsection (13) of that section shall be omitted.
Yn ôl i’r brig