Part 7

Employment income: income and exemptions relating to securities
Chapter 6

... share incentive plans

Tax advantages connected with award of shares

No charge on award or acquisition of shares: general
490
1
This section applies—
a
on the award to an employee of free, matching or partnership shares under the plan, or
b
on the acquisition on behalf of an employee of dividend shares under the plan.
2
The employee is not liable to income tax on the value of the beneficial interest in the shares that passes to the employee at the time of the award or acquisition.
Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)
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)
Word in Pt. 7 Ch. 6 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 2, 89 (with Sch. 8 paras. 90-96)