ANNEX 1:: MINOR CHANGES IN THE LAW MADE BY THE BILL This change is adverse to some taxpayers in principle. But it is expected to have no practical effect as it is in line with current practice.
Change 49: EIS: value received or repayment of share capital reduces EIS relief that was given for two separate tax years: sections 219 and 228
This change provides detailed steps to calculate the withdrawal or reduction of EIS relief in cases where the relief being withdrawn or reduced was obtained for two separate tax years. It applies where the investor receives an amount of value or where a repayment etc of share capital is made to someone other than the investor.