Paragraph 9

Paragraph 1 of Schedule 5B (enterprise investment scheme: re-investment) is amended as follows.

After sub-paragraph (5) insert—

“(5A)

The reference in sub-paragraph (1)(b) to a gain accruing in accordance with section 169N does not include such a gain so far as it is chargeable to capital gains tax at the rate in section 169N(3).”