Finance Act 2008 (c. 9)

Part 2 U.K. Income tax, corporation tax and capital gains tax_general

Employment matters U.K.

50 Employment-related securities: repeal of obsolete provisions U.K.

(1) In ICTA, omit sections 138 and 139 (share acquisitions by directors and employees: shares acquired before 26 October 1987).

(2) In ITEPA 2003—

(a) in section 418 (other related provisions), omit subsection (4), and

(b) in Schedule 7 (transitionals and savings), omit paragraph 57.

(3) The amendments made by this section have effect for the tax year 2008-09 and subsequent tax years.