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VCM23420 | EIS: deferral relief: shares issued on or after 6 April 1998: replacement value: amount of

From HM Revenue & Customs · Venture Capital Schemes Manual

TCGA92/SCH5B/PARA13B (6)

The amount of the replacement value is:

a. In a case within VCM23410 (a), the aggregate of:

  • the amount of any payment within VCM40550 (a)(i), and

  • the difference between the market value of any asset within VCM40550 (a)(ii) or (iii) and the amount or value of the consideration (if any) received for it.

b. In a case within VCM23410 (b), the same as the amount of the original value, see VCM23320, and

c. In a case within VCM23410 (c) the amount or value of the consideration received by the original supplier.