Income Tax (Earnings and Pensions) Act 2003

Post-acquisition benefits from shares

This adran has no associated Nodiadau Esboniadol

56The removal or variation of a restriction applying to shares or an interest in shares acquired before 26th October 1987 is not a chargeable event for the purposes of section 449 if paragraph 7 of Schedule 8 to FA 1973 (requirement for disposal to nominees at price not exceeding market value on termination of employment) would have applied to it.