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Corporation Tax Act 2009

Section 994: Deduction for providing free or matching shares

2554.This section gives a deduction for providing free or matching shares. It is based on paragraph 2 of Schedule 4AA to ICTA.

2555.A “free share” is defined in paragraph 2(1)(a) of Schedule 2 to ITEPA. It means a share appropriated to the employee without payment.

2556.A “matching share” is defined in paragraph 3(1) of Schedule 2 to ITEPA. It means a share appropriated to the employee without payment in proportion to the partnership shares acquired by the employee.

2557.A “group plan” is defined in paragraph 4 of Schedule 2 to ITEPA. It means a SIP established by a parent company in which the companies it controls are allowed to participate.

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