Section 55 — Finance Act 2014: Removing time limit on CGT relief in respect of re-investment under SEIS

Removing time limit on CGT relief in respect of re-investment under SEIS 55 1 In Schedule 5BB to TCGA 1992 (seed enterprise investment scheme: re-investment), in paragraph 1 (SEIS re-investment relief)—

a in sub-paragraph (2)(a), for “or the tax year 2013-14” substitute “ or any subsequent tax year ” , and b in sub-paragraph (5A), in the definition of “the relevant percentage”, in paragraph (b), for “the tax year 2013-14” substitute “ any subsequent tax year ” .

2 Accordingly, in section 150G of TCGA 1992 (which introduces Schedule 5BB), omit “in the tax years 2012-13 and 2013-14”.