SCHEDULES

SCHEDULE 6Seed enterprise investment scheme

PART 3Consequential amendments

TCGA 1992

20

(1)

Section 150A (enterprise investment scheme) is amended as follows.

(2)

For “relief”, in each place it occurs (except subsections (6)(c) and (10)), substitute “ EIS relief ”.

(3)

In subsection (6)—

(a)

omit the “and” at the end of paragraph (b) and after that paragraph insert—

“(ba)

shares to which SEIS relief is attributable; and”,

(b)

in paragraph (c), for “relief is not” substitute “ neither EIS nor SEIS relief is ”, and

(c)

after “paragraph (a), (b)” insert “ , (ba) ”.

(4)

In subsection (10), for “the relief” substitute “ EIS relief ”.

(5)

In subsection (10A), at the appropriate place, insert—

““EIS relief” means relief under Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007;”, and

““SEIS relief” means relief under Part 5A of ITA 2007.”