Any reduction made in the individual's liability to income tax (see E3.156) is usually attributed to the issue of shares for which the relief is being claimed.
However if the maximum amount on which relief is available for a year is exceeded then some apportionment may be required (see E3.156)1.
Where two or more issues of shares have been issued (or deemed to have been issued) in a tax year, the relief for that year is apportioned between the issues in proportion
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