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Income Tax (Earnings and Pensions) Act 2003

Section 425: Cases where this Chapter does not apply

1849.The two rules in this section derive from section 140H(3) of ICTA.

1850.The source legislation specifies that these provisions only apply to Case I employments. Subsection (1) rewrites this rule by applying the equivalent test that the earnings must be within section 15 or 21.

1851.Subsection (2) explains that the test in subsection (1) is to be applied to the final year of employment in cases where the right or opportunity to acquire the shares is conferred or offered after the employment has ceased.

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