497Limitations on charges on shares ceasing to be subject to plan
This section has no associated Explanatory Notes
(1)No liability to income tax arises on free or matching shares ceasing to be subject to the plan, except as provided by—
(a)section 505 (charge on free or matching shares ceasing to be subject to plan), or
(b)section 507 (charge on disposal of beneficial interest during holding period).
(2)No liability to income tax arises on partnership shares ceasing to be subject to the plan, except as provided by section 506 (charge on partnership shares ceasing to be subject to plan).
(3)No liability to income tax arises on dividend shares ceasing to be subject to the plan, except as provided by section 68B(2) or 251C(1) of ICTA (charge under Case V of Schedule D or Schedule F on dividend shares ceasing to be subject to plan).