71 Eligibility for EIS relief.U.K.
(1)In section 289 of the Taxes Act 1988 (eligibility for EIS relief), in subsection (1A)—
(a)for paragraph (a) there shall be substituted—
“(a)is a company which—
(i)is such a company as is mentioned in section 293(2)(a), and
(ii)if it is a subsidiary of the qualifying company, is a 90 per cent subsidiary of that company, or”; and
(b)in paragraph (b), for “such a company” there shall be substituted “ a company falling within paragraph (a) above ”.
(2)This section applies in relation to shares issued on or after 6th April 1999.