C1Part 11Relief for particular employee share acquisition schemes
Annotations:
Modifications etc. (not altering text)
Chapter 1Share incentive plans
Introductory
984Chapter to form part of SIP code etc
1
This Chapter forms part of the SIP code (see section 488 of ITEPA 2003).
2
Therefore expressions used in this Chapter and contained in the index at the end of Schedule 2 to ITEPA 2003 have the meaning indicated by that index.
3
Subsection (4) applies if any of a participant's plan shares are forfeited.
4
For the purposes of this Chapter the shares are treated as acquired by the trustees—
a
when the forfeiture occurs, and
b
for no consideration.
Pt. 11 applied by 2010 c. 8, s. 425(1) (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))