SCHEDULES

SCHEDULE 8

EIS deferred gains: gains accruing on part disposal

Consequential amendments

4

In consequence of paragraph 3 above—

a

in paragraph 2 (postponement of original gain), in sub-paragraphs (1) and (4), for “relevant shares” substitute “ the relevant shares ”;

b

in paragraph 2(2) and (3), for “any relevant shares” substitute “ the relevant shares ”;

c

in paragraph 2(2)(b), for “those relevant shares” substitute “ the relevant shares ”;

d

in paragraph 3 (chargeable events), in sub-paragraph (1) and paragraphs (a) and (b) of sub-paragraph (5), for “any relevant shares” substitute “ any of the relevant shares ”;

e

in paragraph 4 (gain accruing on chargeable event), in sub-paragraphs (1) and (5), for “any relevant shares” substitute “ any of the relevant shares ”;

f

in paragraph 4(5)(b), for “the same relevant shares” substitute “ the same shares ”;

g

in paragraph 5(1) (person to whom gain accrues), for “any relevant shares” substitute “ any of the relevant shares ”;

h

in paragraph 6(1) (deferral claims), for “relevant shares” substitute “ the relevant shares ”;

i

in paragraph 16(1) and (2) (information about chargeable events), for “any relevant shares” substitute “ any of the relevant shares ”; and

j

in paragraph 19(1) (interpretation), in the definition of “the five year period”, for “any relevant shares” substitute “ any of the relevant shares ”.