Part 5Enterprise investment scheme
Chapter 8Supplementary and general
Nominees etc
250Nominees and bare trustees
1
Shares subscribed for, issued to, held by or disposed of for an individual by a nominee are treated for the purposes of this Part as subscribed for, issued to, held by or disposed of by the individual.
2
If shares have been issued to a bare trust for two or more beneficiaries, this Part has effect (with the necessary modifications) as if—
a
each beneficiary had subscribed as an individual for all of those shares, and
b
the amount subscribed by each beneficiary was equal to the total amount subscribed on the issue of those shares divided by the number of beneficiaries.
3
In subsection (2) and section 251 “shares” means shares which meet the requirements of section 173(2).