SCHEDULES

SCHEDULE 15 ENTERPRISE INVESTMENT SCHEME: AMENDMENTS

Part 2 POSTPONEMENT OF CHARGEABLE GAIN ON REINVESTMENT

34

In paragraph 14A (certain receipts to be disregarded for purposes of paragraph 14)—

a

for sub-paragraph (2) substitute—

2

For the purposes of this paragraph “repayment” has the meaning given in paragraph 14AA(2) above.

b

omit sub-paragraph (7) (repayments treated, for the purposes of the corporate venturing scheme, as causing insignificant changes to share capital to be disregarded), and

c

in sub-paragraph (8)(a) for “that Schedule” substitute “ Schedule 15 to the Finance Act 2000 (corporate venturing scheme) ”.