http://www.legislation.gov.uk/uksi/1991/2774/contents/made

The Personal Equity Plan (Amendment No. 2) Regulations 1991

Capital gains tax

King's Printer of Acts of Parliament

2016-01-07

INCOME TAX

These Regulations, which come into force on 1st January 1992, further amend the Personal Equity Plan Regulations 1989 (“the principal Regulations”). The amendments have two main effects. The first is to provide for an additional kind of plan, called a single company plan, to which a plan investor can subscribe in any year in addition to subscribing to a plan under the Regulations as they were before these amendments, which is now called a general plan. The subscription limit for a single company plan is half that for a general plan and its distinguishing features are that only one company is designated for the purposes of the plan by the plan manager and that, in general, only shares in the designated company may be held under the plan.