SCHEDULES

SCHEDULE 15Enterprise investment scheme

Amendments of the Taxes Act 1988

11

In section 298 (supplementary provisions)—

a

for subsection (4) there is substituted—

4

The Treasury may by order amend section 297 and this section in such manner as they consider expedient

b

in subsection (5), the definition of “property development” is omitted,

c

at the end of that subsection there is inserted—

and section 312(1A)(b) shall apply to determine the relevant period for the purposes of that section

d

subsections (6) to (8) are omitted.