Other amendments: ITEPA 2003, Part 4 of FA 2004, ITTOIA 2005 and CTA 2009
This section has no associated Explanatory Notes
137In section 697 (PAYE: enhancing the value of an asset) in subsection (4)—
(a)in paragraph (a) omit the words from “Schedule 3” to the second “or”,
(b)after paragraph (a) insert—
“(aa)any shares acquired by the employee under a scheme which is a Schedule 3 SAYE option scheme (see Schedule 3),”, and
(c)in paragraph (b) for “such a scheme” substitute “a scheme mentioned in any of the preceding paragraphs”.