Amendment of ITEPA 20032
In section 431B of ITEPA 20032 (securities acquired for purpose of avoidance)—
a
the words after “if” become paragraph (a), and
b
at the end of that paragraph insert “, and” and then—
b
at the time of the acquisition, the earnings from the employment are (or would be if there were any) general earnings to which any of the charging provisions of Chapters 4 and 5 of Part 2 applies.