Part III Income Tax, Corporation Tax and Capital Gains Tax
Chapter I Income Tax and Corporation Tax
The enterprise investment scheme and venture capital trusts
70 Qualifying trades for EIS and VCTs.
F1(1)
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F1(2)
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F2(3)
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F3(4)
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F471 Pre-arranged exits from EIS.
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F572 Qualifying holdings for VCTs after 2nd July 1997.
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F673 Other changes to requirements for VCTs.
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74 Other changes to EISetc.
(1)
Schedule 13 to this Act, which amends the provisions mentioned in subsection (2) below, shall have effect.
(2)
The provisions are—
F7(a)
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(b)
sections 150A and 150B of the M1Taxation of Chargeable Gains Act 1992 (EIS relief in respect of chargeable gains);
(c)
Schedule 5B to that Act (EIS deferral of chargeable gains); and
(d)
that Chapter as it has effect in relation to shares issued before 1st January 1994 (BES income tax relief) and section 150 of that Act (BES relief in respect of chargeable gains).
(3)
Unless the contrary intention appears, the amendments made by that Schedule have effect in relation to shares issued on or after 6th April 1998.