Finance Act, 1993
Amendment of section 12 (relief for new shares purchased on issue by employees) of Finance Act, 1986. |
26.—As respects the year of assessment 1993-94 and subsequent years of assessment, section 12 of the Finance Act, 1986 , is hereby amended by the substitution, in the proviso to subsection (2), of “£3,000” for “£750”, and the said proviso, as so amended, is set out in the Table to this section. | |
TABLE | ||
Provided that a deduction shall not be given to the extent to which the amount subscribed by an eligible employee for eligible shares issued to him in all years of assessment exceeds £3,000. |