Business Expansion Scheme
20/12/1993
Query
Whether section 490(1)(b) TCA 1997 means that a subscrption for shares by a non-assessable spouse is regarded for all purposes as a subscription by the assessable spouse
Decision
No; the paragraphs applies only as regards the minimum subscription required for a husband and wife. A subscription of £200 by either or both will fulfill the minimum subscription rule
Income Tax
Section 490, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT932024
23/05/1994
Query
Does the death of an individual constitute a disposal of shares for the purposes of this section?
Decision
No
Income Tax
Section 498, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT943510