http://www.legislation.gov.uk/ukpga/2009/4/section/1005Corporation Tax Act 2009An Act to restate, with minor changes, certain enactments relating to corporation tax; and for connected purposes.texttext/xmlenStatute Law Database2026-04-18Expert Participation2026-04-01 Corporation Tax Act 2009s. 1094(2A)-(2C)Finance Act 2012Sch. 3 para. 13(3)Corporation Tax Act 2009s. 1106(4A)-(4C)Finance Act 2012Sch. 3 para. 14(3)Corporation Tax Act 2009s. 322(2A)(zb)Finance Act 2016s. 73(5)Corporation Tax Act 2009s. 145(6)(e) and wordPlanning (Consequential Provisions) (Wales) Act 2026Deddf Cynllunio (Darpariaethau Canlyniadol) (Cymru) 2026Sch. 2 para. 400(b)Sch. 5 Pt. 1s. 5(2)Corporation Tax Act 2009s. 1058B(5)(ea)Neonatal Care (Leave and Pay) Act 2023Sch. para. 57s. 3(3)reg. 2 Part 12Chapter 11005In this Part—“convertible securities” has the same meaning as in Chapter 3 of Part 7 of ITEPA 2003 (see section 436 of that Act),“convertible shares” means shares that are—convertible securities, oran interest in convertible securities,“the employee” has the meaning given by section 1007(1)(a) or 1015(1)(a) (as the case may be) (see also sections 1025A(7) and 1030A(8)),...“the employing company” has the meaning given by section 1007(1) or 1015(1) (as the case may be),“listed company” means a company—whose shares are listed on a recognised stock exchange, andwhich is neither a close company nor a company that would be a close company if it were UK resident,“market value” has the same meaning as in TCGA 1992 (see sections 272 and 273 of that Act),“option” includes any right to acquire shares,“ordinary shares” means shares forming part of a company's ordinary share capital,“the qualifying business” has the meaning given by section 1007(1)(b), 1015(1)(b), 1025A(1)(d)(i) or 1030A(1)(d)(ii) (as the case may be),“the recipient” has the meaning given by section 1007(1) or 1015(1) (as the case may be),“the relevant employment” has the meaning given by section 1007(1)(b) or 1015(1)(b) (as the case may be), and“restricted shares” means shares that are—restricted securities, ora restricted interest in securities,for the purposes of Chapter 2 of Part 7 of ITEPA 2003 (see sections 423 and 424 of that Act).Pt. 12 applied by 2010 c. 8, s. 425(5) (as inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 1 (with Sch. 5 paras. 27, 32-34))Words in s. 1005 omitted (with effect in accordance with s. 12(5)-(7) of the amending Act) by virtue of Finance Act 2017 (c. 10), s. 12(4)(a)Words in s. 1005 inserted (6.4.2015) by Finance Act 2014 (c. 26), Sch. 9 paras. 41(a), 47Words in s. 1005 substituted (6.4.2015) by Finance Act 2014 (c. 26), Sch. 9 paras. 41(b), 47