Part 11Relief for particular employee share acquisition schemes
Chapter 1Share incentive plans
Deductions and receipts: general
986Treatment of receipts under Chapter
(1)
This section applies if a company is treated under this Chapter as receiving an amount.
(2)
If the company is carrying on a trade or property business in respect of which it is within the charge to corporation tax, the amount is treated as a receipt of that trade or business.
(3)
If the company has permanently ceased to carry on a trade or property business in respect of which it was within the charge to corporation tax, the amount is treated as a post-cessation receipt of that trade or business (see Chapter 15 of Part 3).
(4)
Otherwise, the amount is treated as a receipt chargeable under the charge to corporation tax on income.