Part 7

Employment income: income and exemptions relating to securities
Chapter 6

... share incentive plans

Other tax consequences

Tax advantages and charges under other Acts
515
1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
SIPs are also dealt with in—
a
Part 1 of Schedule 7D to TCGA 1992 (which provides for relief from capital gains tax for the trustees and for participants in relation to a Schedule 2 SIP in certain circumstances, including where shares cease to be subject to the plan), ...
b
section 95 of FA 2001 (which contains relief from stamp duty and stamp duty reserve tax for transfers of partnership or dividend shares) , ...
c
sections 392 to 395 and 405 to 408 of
ITTOIA
2005 (SIPs: special rules for charges under Chapters 3 and 4 of Part 4 of that Act (dividends
etc.
from
UK
or non-UK resident companies
etc.
)) and section 770 of that Act (exemption for amounts applied by
SIP
trustees acquiring dividend shares or retained for reinvestment)
, ...
d
Chapter 5 of Part 9 of ITA 2007 (which provides for section 479 of that Act not to apply to income of the trustees of
a Schedule 2
SIP
in certain circumstances)
, and
e
Chapter 1 of Part 11 of CTA 2009 (share incentive plans)
3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Word in s. 515(2)(b) repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 439(3)(a), Sch. 3 Pt. 1 (with Sch. 2)
Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)
S. 515(1) repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 554(2), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)
S. 515(2)(e) and word inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 554(3)(b) (with Sch. 2 Pts. 1, 2)
S. 515(3) repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 439(4), Sch. 3 Pt. 1 (with Sch. 2)
Words in s. 515(2)(a) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 12, 89 (with Sch. 8 paras. 90-96)
Words in s. 515(2)(d) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 12, 89 (with Sch. 8 paras. 90-96)
Word in s. 515(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 554(3)(a), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)
S. 515(2)(d) and word inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 439(3)(b) (with Sch. 2)
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 s. 515(2)(a) repealed (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 604(3), Sch. 3 (with Sch. 2)
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)
S. 515(2)(c) and word inserted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 604(4) (with Sch. 2)