Part 11Relief for particular employee share acquisition schemes
Chapter 1Share incentive plans
Introductory
984Chapter to form part of SIP code etc
1
This Chapter forms part of the SIP code (see section 488 of ITEPA 2003).
2
Therefore expressions used in this Chapter and contained in the index at the end of Schedule 2 to ITEPA 2003 have the meaning indicated by that index.
3
Subsection (4) applies if any of a participant's plan shares are forfeited.
4
For the purposes of this Chapter the shares are treated as acquired by the trustees—
a
when the forfeiture occurs, and
b
for no consideration.