29 EIS and VCTs: definition of certain periods
Finance Act 2016 (2016 c 24) | Legislation

29  EIS and VCTs: definition of certain periods

(1)     In section 175A of ITA 2007 (EIS: the permitted maximum age requirement)—

(a)     in subsection (7) for the words from “five” to the end substitute “relevant five year period.”;

(b)     after that subsection insert—

“(7A)     Subject to subsection (7B), the relevant five year period is the five year period which ends immediately before the beginning of the last accounts filing period.

(7B)     If the last accounts filing period ends more than 12 months before the issue date, the relevant five year period is the five year period which ends 12 months before the issue date.”

(2)     In section 252A of ITA 2007 (EIS: meaning of “knowledge-intensive company”)—

(a)     in subsection (4), in the definition

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