Section 18 of the Finance Act 2004 is amended -

(a) in subsection (2) -

(i) by substituting the following for paragraph (b):

"(b) in section 491 -

(i) in subsections (2)(a) and (3)(a), by substituting '€1,000,000' for '€750,000',

and

(ii) by inserting the following after subsection (3):

'(3A) Notwithstanding anything in subsections (2) and (3), relief shall not be given in respect of a relevant issue to the extent that -

(a) the amount raised by the relevant issue, or

(b) the aggregate of -

(i) the amount to be raised through the relevant issue, and

(ii) the amount or amounts, if any, raised through the issue of eligible shares other than the relevant issue, within the period of 6 months ending with the date of that relevant issue, by the company or by all of the companies (including the company making the relevant issue) which are associated within the meaning of this section, as the case may be,

exceeds €750,000.'",

(ii) by inserting the following after paragraph (c):