223 Section 222: supplementary
Income Tax Act 2007 (2007 c 3) | Legislation

223  Section 222: supplementary

(1)     The receipt of the replacement value by the original supplier is ignored for the purposes of section 222(1) to the extent to which it has previously been set (under that section) against a receipt of value to prevent any reduction or withdrawal of EIS relief under section 213.

(2)     The receipt of the replacement value by the original supplier (“the event”) is ignored for the purposes of section 222 if—

(a)     the event occurs before period C relating to the relevant shares,

(b)     if the event occurs after the time the

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