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The enterprise investment scheme and venture capital trusts70Qualifying trades for EIS and VCTs

(1)    Schedule 12 to this Act (which amends the definition of qualifying trade for the purposes of the enactments relating to the enterprise investment scheme and venture capital trusts) shall have effect.

(2)    In section 298(4) of the Taxes Act 1988 (power to amend sections 297 and 298), for “section 297” there shall be substituted “sections 293 and 297”.

(3)    In paragraph 12(a) of Schedule 28B to that Act (power to amend paragraphs 4 and 5 of that Schedule), for “4 and 5” there shall be substituted “3 to 5”.

(4)    The power conferred by subsection (2) above shall not be exercisable in relation to any shares issued before 17th March 1998.

NOTES
Initial Commencement
Royal Assent

This Act received Royal Assent on 31 July 1998: for provision as to the effect of sub-s (2) see sub-s (4) above.

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