Finance Act 2014, Paragraph 101 is up to date with all changes known to be in force on or before 04 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.
101(1)Section 519 (no charge in respect of exercise of option) is amended as follows.U.K.
(2)In subsection (1)(a) for “approved” substitute “ a Schedule 3 SAYE option scheme ”.
(3)In subsection (3A)—
(a)in paragraph (a) for “approved” substitute “ a Schedule 3 SAYE option scheme ”,
(b)in paragraph (b)(i) for “or (4)” substitute “ , (4) or (4A) ”,
(c)in paragraphs (c), (d) and (f) after sub-paragraph (ii) omit “or” and insert—
“(iia)the non-UK company reorganisation arrangement, or”, and
(d)in paragraph (e) after sub-paragraph (ii) omit “or” and insert—
“(iia)the making of any non-UK company reorganisation arrangement which would fall within subsection (3H), or”.
(4)In subsection (3H)—
(a)after “arrangement” insert “ or a non-UK company reorganisation arrangement ”, and
(b)in paragraph (b) for “an approved” substitute “ a Schedule 3 ”.
(5)In subsection (5)(b)—
(a)for “paragraph 42(3) provides” substitute “ paragraphs 40H(4) and 40I(9) provide ”,
(b)for “approved” substitute “ a Schedule 3 SAYE option scheme ”, and
(c)for “approval of the scheme has been previously withdrawn” substitute “ the scheme is not a Schedule 3 SAYE option scheme ”.
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