290 Minimum and maximum subscriptions.U.K.
M1(1)Subject to section 311(3), the relief shall not be given in respect of any amount subscribed by an individual for eligible shares issued to him by any company in any year of assessment unless the amount or total amount subscribed by him for the eligible shares issued to him by the company in that year is £500 or more.
[F1(2)An individual shall not be eligible for relief in any year of assessment in respect of any amount subscribed for eligible shares exceeding [F2£150,000] (whether the shares are issued in that or a subsequent year).]
Textual Amendments
F1S. 290(2) substituted (with effect as mentioned in s. 137(2), Sch. 15 para. 3(2)-(4) of the amending Act) by Finance Act 1994 (c. 9), Sch. 15 para. 3(1)
F2Words in s. 290(2) substituted (with effect in accordance with s. 74(3) of the amending Act) by Finance Act 1998 (c. 36), Sch. 13 para. 4
Modifications etc. (not altering text)
C1 See 1988(F) s.35and Sch.3 para.12(3)(b)for application to husband and wife where amounts are subscribed in 1990-91.
Marginal Citations
M1Source-1983 Sch.5 3; 1987 s.42(3)