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HMRC internal manual

Venture Capital Schemes Manual

From
HM Revenue & Customs
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EIS: deferral relief: shares issued on or after 6 April 1998: meaning of relevant period

TCGA92/SCH5B/PARA19; ICTA88/S312 (1A)(a) & ITA07/S159(2)

For shares issued on or after 6 April 1998 and before 6 April 2000, the relevant period is the period beginning with the incorporation of the company, or two years before the issue of the eligible shares if that is later, and ending five years after the issue of the shares.

For shares issued on or after 6 April 2000, the relevant period (‘Period A’ in ITA) is the period beginning with the incorporation of the company, or two years before the issue of the eligible shares if that is later, and ending immediately before the termination date, see VCM23070, relating to those shares.