http://www.legislation.gov.uk/ukpga/2003/1/section/459n1Income Tax (Earnings and Pensions) Act 2003An Act to restate, with minor changes, certain enactments relating to income tax on employment income, pension income and social security income; and for connected purposes.texttext/xmlenStatute Law Database2026-04-22Expert Participation2026-04-06
Income Tax (Earnings and Pensions) Act 2003s. 452(2)(aa)Finance Act 2013Sch. 23 para. 11Sch. 23 para. 38art. 2Income Tax (Earnings and Pensions) Act 2003s. 114(1)(a)(i)(ii)Finance Act 2026s. 17(2)(b)(5)s. 17(6)-(9)Income Tax (Earnings and Pensions) Act 2003s. 116(1)(a)(b)Finance Act 2026s. 17(3)(b)(5)s. 17(6)-(9)Income Tax (Earnings and Pensions) Act 2003s. 116AFinance Act 2026s. 17(4)(5)s. 17(6)-(9)Income Tax (Earnings and Pensions) Act 2003s. 136A(5)Finance Act 2026s. 19(10)s. 19(11)Income Tax (Earnings and Pensions) Act 2003s. 138AFinance Act 2026s. 19(10)s. 19(11)Income Tax (Earnings and Pensions) Act 2003s. 221AFinance Act 2026s. 22(1)s. 22(2)
Part 7<Substitution ChangeId="key-c6a5035726421ed3f6134ecc42038fa5-1505915756934" CommentaryRef="key-c6a5035726421ed3f6134ecc42038fa5">Employment income: income and exemptions relating to securities</Substitution>Chapter 4A<Addition ChangeId="key-911694f7a116b4ae42e643374e945ec1-1526388761377" CommentaryRef="key-911694f7a116b4ae42e643374e945ec1">Shares in research institution spin-out companies</Addition><Emphasis><Addition ChangeId="key-911694f7a116b4ae42e643374e945ec1-1526388761377" CommentaryRef="key-911694f7a116b4ae42e643374e945ec1">Supplementary</Addition></Emphasis><Addition ChangeId="key-911694f7a116b4ae42e643374e945ec1-1526388761377" CommentaryRef="key-911694f7a116b4ae42e643374e945ec1">Transfer of intellectual property by controlled company</Addition>4591For the purposes of this Chapter where a research institution has control of a company, a transfer of intellectual property from the company is to be treated as a transfer from the research institution.2For the purposes of this Chapter where two or more research institutions together have control of a company, a transfer of intellectual property from the company is to be treated as a transfer from those research institutions.3In this section “control” means control within the meaning given by sections 450 and 451 of CTA 2010.Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)Pt. 7 Ch. 4A inserted (with effect in accordance with s. 20(5)-(7) of the amending Act) by Finance Act 2005 (c. 7), s. 20(1)Pt. 7 heading substituted (with effect in accordance with Sch. 22 para. 2(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 2(1)Words in s. 459(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 389 (with Sch. 2)