Corporation Tax Act 2009 (c. 4)

Part 11 U.K. Relief for particular employee share acquisition schemes

Modifications etc. (not altering text)

C1 Pt. 11 applied by 2010 c. 8, s. 425(1) (as inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 1 (with Sch. 5 paras. 27, 32-34))

Chapter 1 U.K. Share incentive plans

Deductions relating to provision of certain types of shares U.K.

997 No deduction for expenses in providing dividend shares U.K.

(1) No deduction is allowed to a company for expenses in providing shares that are acquired on behalf of employees under [F1 a Schedule 2] share incentive plan as dividend shares.

(2) This is subject to section 988.

Textual Amendments

F1 Words in s. 997(1) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 81, 89 (with Sch. 8 paras. 90-96)