19U.K.TCGA 1992 is amended as follows.
20(1)Section 150A (enterprise investment scheme) is amended as follows.U.K.
(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.”
21(1)Section 150B (enterprise investment scheme: reduction of relief) is amended as follows.U.K.
(2)For “relief”, in each place it occurs, substitute “ EIS relief ”.
(3)After subsection (5) insert—
“(5A)In this section “EIS relief” means relief under Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007.”
22U.K.In Schedule 5B (enterprise investment scheme: re-investment), in paragraph 2 (postponement of original gain)—
(a)in sub-paragraph (3)(b), after “Schedule” insert “ or paragraph 1(5) of Schedule 5BB ”, and
(b)in sub-paragraph (4), after “this Schedule” insert “ or paragraph 1(5) of Schedule 5BB ”.