Income Tax (Earnings and Pensions) Act 2003, Paragraph 220 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
220(1)Amend Schedule 7C (relief for transfers to approved share plans) as follows.U.K.
(2)In paragraph 1(1) (introductory) for “an employee share ownership” substitute “ a share incentive ”.
(3)In paragraph 2 (conditions relating to the disposal)—
(a)in sub-paragraph (1) for “Schedule 8 to the Finance Act 2000” substitute “ Schedule 2 to ITEPA 2003 ”,
(b)in sub-paragraph (2)—
(i)for “Part VIII” substitute “ Part 4 ”,
(ii)for “used in plan” substitute “ awarded ”, and
(iii)for “61(a) and (c)” substitute “ 27(1)(a) and (c) and (2) ”,
(c)in sub-paragraph (4) for “of Schedule 8 to the Finance Act 2000” substitute “ given by paragraph 97 of Schedule 2 to ITEPA 2003 ”.
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