Finance Act 1999

72 Deferred gains: application of taper relief

(1) After section 150C of the [1992 c. 12.] Taxation of Chargeable Gains Act 1992 insert—

“150D Enterprise investment scheme: application of taper relief

Schedule 5BA to this Act (which provides for the application of taper relief in cases where relief under Schedule 5B, or Chapter III of Part VII of the Taxes Act, applies) shall have effect.”

(2) Schedule 7 to this Act (which inserts Schedule 5BA into that Act) shall have effect.

(3) In consequence of the insertion of Schedule 5BA, in that Act—

(a) in section 2A(8) (qualifying holding period for taper relief), after “that Schedule” insert “and paragraph 3 of Schedule 5BA”; and

(b) in paragraph 2(4) of Schedule A1 (effect of periods not counting for taper relief purposes), after “paragraphs 10 to 12 below” insert “or paragraph 4 of Schedule 5BA”.