Chapter (14) Other changes to EIS etc.

Chapter	Short title	Extent of repeal
1988 c. 1.	The Income and Corporation Taxes Act 1988.	In section 289(7), the word “preferential", in the second place where it occurs.
		Section 290A.
		In section 291(2), the words “and sections 291A and 291B".
		In section 291A(5), the words “and the reference to a trade previously carried on includes part of such a trade".
		In section 293, in subsection (6), the words “it is shown that", and subsection (7).
		In section 297(1), the words “Subject to section 298(7) below".
		In section 299, subsections (7) and (8)(a).
		In section 306(3A), the words “but section 289B(5) shall not apply for the purposes of this subsection".
		In section 310(2), the words “or payment".
		In section 312, in subsection (1), the definition of “new consideration", in subsection (1A), the words “(disregarding section 289B(5))" and, in subsection (1B)(c), the words “dealt in on the Unlisted Securities Market or".
1992 c. 12.	The Taxation of Chargeable Gains Act 1992.	In section 150, in subsection (8), the word “eligible" and, in subsection (8A)(a), the word “preferential", in the second place where it occurs.
		In section 150A, in subsections (1) and (2), the word “eligible" and, in subsection (8A)(a), the word “preferential", in the second place where it occurs.
		In section 150B(1), the word “eligible".
		In Schedule 5B, paragraph 3(2).

1. The repeals in sections 293(6) and 310(2) of the Taxes Act 1988 and in section 150(8) of the Taxation of Chargeable Gains Act 1992 have effect in relation to events occurring on or after 6th April 1998.

2. The repeal of section 299(7) of the Taxes Act 1988, and the repeals in sections 150A(1) and (2) and 150B(1) of the Taxation of Chargeable Gains Act 1992, have effect in relation to disposals made on or after that date.

3. The repeals in sections 150(8A) and 150A(8A) of the Taxation of Chargeable Gains Act 1992 have effect in relation to new shares (within the meaning of the provision in question) issued on or after that date.

4. The other repeals have effect in relation to shares issued on or after that date.