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Income Tax (Earnings and Pensions) Act 2003

Paragraph 97: Meaning of shares ceasing to be subject to plan

3232.This paragraph explains when shares cease to be subject to a plan for the purposes of the SIP code.

3233.This paragraph is the second of two that derive from paragraph 122 of Schedule 8, deriving in this case from sub-paragraphs (3) to (5) and (7) of that paragraph. (Paragraph 122(6) of Schedule 8 has been rewritten as section 508.)

3234.Sub-paragraph (2) derives from paragraph 122(4) of Schedule 8. This material has been reorganised, and paragraphs have been added.

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