Part 5Enterprise investment scheme
Chapter 7Withdrawal or reduction of EIS relief: procedure
Assessments and appeals
238Cases where assessment not to be made
1
No assessment for withdrawing or reducing EIS relief in respect of shares issued to an individual may be made because of an event occurring after the individual's death.
2
Subsection (3) applies if an individual has, by a disposal or disposals to which section 209(3) applies, disposed of all shares which—
a
have been issued to the individual by the issuing company, and
b
are shares—
i
to which EIS relief is attributable, or
ii
in relation to which period A has not come to an end.
3
No assessment for withdrawing or reducing EIS relief in respect of those shares may be made because of any subsequent event unless the event occurs at a time when the individual is connected with the company within the meaning of section 166.