Part III Income Tax, Corporation Tax and Capital Gains Tax
Enterprise investment scheme
71 Eligibility for EIS relief.
1
In section 289 of the Taxes Act 1988 (eligibility for EIS relief), in subsection (1A)—
a
for paragraph (a) there shall be substituted—
a
is a company which—
i
is such a company as is mentioned in section 293(2)(a), and
ii
if it is a subsidiary of the qualifying company, is a 90 per cent subsidiary of that company, or
b
in paragraph (b), for “such a company” there shall be substituted “
a company falling within paragraph (a) above
”
.
2
This section applies in relation to shares issued on or after 6th April 1999.