Section 156 | Meaning of “EIS relief” and commencement

(1)This Part provides for EIS income tax relief (“EIS relief”), that is, entitlement to tax reductions in respect of amounts subscribed by individuals for shares.

(2)In this Part “EIS” stands for the enterprise investment scheme.

(3)In accordance with section 1034(3), this Part has effect only in relation to shares issued on or after 6 April 2007.This is subject to Schedule 2 (transitional provisions and savings).