Income Tax Act 2007

Income Tax (Earnings and Pensions) Act 2003 (c. 1)

448 In paragraph 49 of Schedule 3 (approved SAYE Option Schemes)—

(a) in the entry for “child”, in the second column, for “section 832(5) of ICTA (and see section 721(6) of this Act)” substitute “section 721(6)”,

(b) in the entry for “close company”, in the second column, for “section 832(1) of ICTA” substitute “section 989 of ITA 2007”,

(c) in the entry for “distribution”, in the second column, for “section 832(1) of ICTA” substitute “section 989 of ITA 2007”,

(d) omit the entry for “interest”,

(e) in the entry for “notice”, in the second column, for “section 832(1) of ICTA” substitute “section 989 of ITA 2007”,

(f) in the entry for “ordinary share capital”, in the second column, for “section 832(1) of ICTA” substitute “section 989 of ITA 2007”,

(g) in the entry for “personal representatives”, in the second column, for “section 721(1)” substitute “section 989 of ITA 2007”,

(h) in the entry for “recognised stock exchange”, in the second column, for “section 841 of ICTA” substitute “section 1005 of ITA 2007”,

(i) in the entry for “tax”, in the second column, at the end insert “(as applied by section 989 of ITA 2007)”, and

(j) omit the entry for “United Kingdom”.