Finance Act 2014

This section has no associated Explanatory Notes

162(1)Section 524 (no charge in respect of exercise of option) is amended as follows.U.K.

(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 ”.