Amendments to Chapter 8 of Part 7 of ITEPA 2003
This section has no associated Explanatory Notes
160(1)Section 521 (introduction to CSOP schemes) is amended as follows.
(2)In the heading omit “Approved”.
(3)In subsection (1)—
(a)omit paragraph (a), and
(b)in paragraph (b) for “those” substitute “CSOP schemes which are Schedule 4 CSOP”.
(4)Omit subsection (2).
(5)In subsection (3)(c) for “approved” substitute “Schedule 4”.
(6)In subsection (4)—
(a)omit the definition of “approved”, and
(b)after the definition of “CSOP scheme” insert—
““Schedule 4 CSOP scheme” is to be read in accordance with paragraph 1 and Part 7 of Schedule 4;”.