# Income Tax Act 2007, Paragraph 52

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

(1) In relation to shares issued before 7 March 2001, section 192(1) (as applied by section 137(7)) applies with the insertion after paragraph (c) of—
“(ca) oil extraction activities (within the meaning of Chapter 5 of Part 12 of ICTA),”.
(2) In the application of sub-paragraph (1) on or after 7 March 2001, shares—
(a) that were issued on or after 6 April 1998 but before 7 March 2001, and
(b) to which EIS relief or relief under Schedule 5B to TCGA 1992 was attributable immediately before 7 March 2001,
are treated as having been issued on or after 7 March 2001.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/52 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-2/paragraph-52
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.