Taxation of Chargeable Gains Act 1992 section 150C

Enterprise investment scheme: re-investment

Section 150C introduces Schedule 5B, which provides capital gains tax relief when gains are re-invested in shares qualifying under the Enterprise Investment Scheme (EIS).

• This section acts as the gateway provision for Schedule 5B, which contains the detailed rules on EIS re-investment relief.
• The relief allows individuals to defer a chargeable gain when they re-invest the proceeds into shares that qualify under the Enterprise Investment Scheme.
• The substantive conditions and mechanics of the relief are set out in Schedule 5B rather than in this section itself.
• EIS re-investment relief (also known as EIS deferral relief) is separate from the EIS income tax relief available under the Income Tax Act provisions.