Finance Act 2003 (c. 14)

SCHEDULES

SCHEDULE 23 U.K. Corporation tax relief for employee share acquisition

Part 2 U.K. Award of shares

The company whose shares are acquired U.K.

6 (1) The shares acquired must be shares in— U.K.

(a) the employing company; or

(b) a company that, at the time of the award, is a parent company in relation to the employing company; or

(c) a company that, at the time of the award, is a member of a consortium that owns the employing company or a company within paragraph (b); or

(d) where at the time of the award the employing company or a company within paragraph (b) is a member of a consortium that owns another company (C), a company that at that time—

(i) is a member of the consortium or a parent company in relation to a member of the consortium, and

(ii) is also a member of the same commercial association of companies as C.