Point in time view as at 01/04/2008.
Finance Act 2007, Cross Heading: Enterprise investment scheme: reinvestment is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
7(1)Schedule 5B to TCGA 1992 is amended as follows.U.K.
(2)In paragraph 1 (application of Schedule)—
(a)in sub-paragraph (2), after paragraph (d) insert—
“(da)the total amount of relevant investments made in the company in the year ending with the date the shares are issued does not exceed £2 million,”, and
(b)after sub-paragraph (5) insert—
“(6)Section 173A(3) and (4) of ITA 2007 (meaning of “relevant investment”) apply for the purposes of sub-paragraph (2)(da).
(7)In sub-paragraph (2)(da), the reference to relevant investments made in the company includes relevant investments made in a company that is, or has at any time in the year mentioned there been, a subsidiary of the company (whether or not it was such a subsidiary when the investment was made).”
(3)In paragraph 1A(1) (failure of conditions of application), after “(2)(b)” insert “ ;or (2)(da) ”.
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