# Finance Act 1988, Paragraph 3

Extent: E+W+S+N.I.

(1) In subsection (1) of section 290A (restriction of relief where amounts raised exceed permitted maximum), for “£500,000” there shall be substituted “£5 million”.
(2) In subsection (4) of that section, for the words “any trade or part of a trade” there shall be substituted the words “any qualifying activities” and for “£500,000”, in both places, there shall be substituted “£5 million”.
(3) Subsections (6) to (8), (10) and (11) of that section shall be omitted.

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Source: https://www.legislation.gov.uk/ukpga/1988/39/schedule/4/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-1988/schedule-4/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.