Amendments to Chapter 8 of Part 7 of ITEPA 2003
162(1)Section 524 (no charge in respect of exercise of option) is amended as follows.
(2)In subsection (1)(a) for “approved” substitute “a Schedule 4 CSOP scheme”.
(3)In subsection (2E)—
(a)in paragraph (a) for “approved” substitute “a Schedule 4 CSOP scheme”,
(b)in paragraphs (c), (d) and (f) after sub-paragraph (ii) omit “or” and insert—
“(iia)the non-UK company reorganisation arrangement, or”, and
(c)in paragraph (e) after sub-paragraph (ii) omit “or” and insert—
“(iia)the making of any non-UK company reorganisation arrangement which would fall within subsection (2L), or”.
(4)In subsection (2L)—
(a)after “arrangement” insert “or a non-UK company reorganisation arrangement”, and
(b)in paragraph (b) for “an approved” substitute “a Schedule 4”.