Finance Act 1998

30 (1) In sub-paragraph (1) of paragraph 3—

(a) in paragraphs (c) and (d), for the words “the first relevant period” there shall be substituted the words “the five year period”; and

(b) for paragraphs (e) and (f) there shall be substituted the words “or

(e) those shares cease (or are treated for the purposes of this Schedule as ceasing) to be eligible shares.”

(2) Sub-paragraph (2) of that paragraph shall cease to have effect.

(3) After sub-paragraph (5) of that paragraph there shall be inserted the following sub-paragraph—

“(6) Any reference in the following provisions of this Schedule to a chargeable event falling within a particular paragraph of sub-paragraph (1) above is a reference to a chargeable event arising for the purposes of this Schedule by virtue of that paragraph.”