Corporation Tax Act 2009 Explanatory Notes

Section 1020: Reduction in amount of relief

2644.This section restricts the relief if the shares are given partly for employment in a qualifying business and partly for employment in a business that does not qualify. It is based on paragraphs 15, 21 and 22C of Schedule 23 to FA 2003.

2645.Its effect is identical to section 1012.

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