Taxation of Chargeable Gains Act 1992 section 150D

Enterprise investment scheme: application of taper relief

Section 150D dealt with how taper relief applied to shares qualifying under the Enterprise Investment Scheme (EIS), but this section has been removed from the legislation.

• Section 150D set out the rules for applying taper relief to gains on EIS shares.
• The section was removed by the Finance Act 2008, Schedule 2, paragraph 32.
• The repeal takes effect for chargeable gains arising in the 2008–09 tax year onwards.
• Taper relief itself was abolished from 2008–09, replaced by a flat rate of capital gains tax, making this section redundant.