http://www.legislation.gov.uk/ukpga/2015/33/schedule/5/paragraph/15
Finance (No. 2) Act 2015
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.
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Statute Law Database
2020-10-05
Expert Participation
2020-07-22
SCHEDULES
SCHEDULE 5Enterprise investment scheme
Repayment etc of share capital
15
1
Section 224 (repayments etc of share capital to other persons) is amended as follows.
2
In subsection (4), after paragraph (a) insert—
aa
causes any SEIS relief attributable to that person's shares in the issuing company to be withdrawn or reduced by virtue of—
i
section 257FA (disposal of shares), or
ii
section 257FH(2)(a) (receipt of value by virtue of repayment of share capital etc),
3
In subsection (5)—
a
after “subsection (4)(a),” insert “
(aa),
”
and
b
after paragraph (a) insert—
aa
section 257FE,