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Income Tax (Earnings and Pensions) Act 2003

Section 503: Charge on partnership share money paid over to employee

2054.This section is the second of three that impose tax charges connected with the holding of shares. The section imposes a charge to income tax if an amount is paid over to an individual under any of the provisions in Schedule 2 that are listed in this section.

2055.This section derives from paragraph 84 of Schedule 8 to FA 2000.

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