SCHEDULES
SCHEDULE 3Limit on income tax reliefs
Consequential amendments
2
1
ITA 2007 is amended as follows.
2
In section 23 (calculation of income tax liability) at step 2 for “section 25” substitute “
sections 24A and 25
”
.
3
In the following provisions (which explain how certain reliefs work) for “section 25(4) and (5)” substitute “
sections 24A and 25(4) and (5)
”
a
section 65(1),
b
section 73,
c
section 121(1),
d
section 129(1), and
e
section 133(1).
4
In section 148 (share loss relief: disposal of shares forming part of mixed holding) in subsection (3)(b) before sub-paragraph (i) insert—
ai
shares to which SEIS relief is attributable (as determined in accordance with Part 5A),