SCHEDULES
SCHEDULE 2F1... share incentive plans
Annotations:
Amendments (Textual)
Part 3Eligibility of individuals
F3Participation in more than one connected SIP in a tax year
Annotations:
Amendments (Textual)
F3
Sch. 2 para. 18A and cross-heading inserted (10.7.2003) by Finance Act 2003 (c. 14), Sch. 21 para. 2
18A
1
The plan must provide that, if an individual participates in an award of shares under the plan in a tax year in which he has already participated in an award of shares under one or more other F2Schedule 2 SIPs established by the company or a connected company—
a
paragraph 35 (maximum annual award of free shares),
b
paragraph 46 (maximum amount of partnership share money deductions), and (c)paragraph 64 (limit on amount reinvested), apply as if the plan and the other plan or plans were a single plan.
2
In this paragraph “connected company” has the same meaning as in paragraph 18.
Word in Sch. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 14, 89 (with Sch. 8 paras. 90-96)