Finance Act 2003

30 U.K. In this Schedule—

• “the Contributions and Benefits Act” means—

  (a)

  the Social Security Contributions and Benefits Act 1992 (c. 4), or

  (b)

  the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7);

• “control” has the meaning given by section 840 of the Taxes Act 1988;

• [F1 “the EMI code” has the meaning given by section 527(3) of the Income Tax (Earnings and Pensions) Act 2003;]

• “insurance company” and “life assurance business” have the meanings given by section 431(2) of that Act;

• “investment company” has the meaning given by section 130 of that Act;

• “market value” has the same meaning as in the Taxation of Chargeable Gains Act 1992 (c. 12) (see sections 272 and 273 of that Act);

• “option” includes any right to acquire shares;

• “ordinary shares”, in relation to a company, means shares forming part of the company’s ordinary share capital;

• [F1 “qualifying option” has the same meaning as in the EMI code (see section 527(4) of the Income Tax (Earnings and Pensions) Act 2003);]

• “shares” includes—

  (a)

  an interest in shares, and

  (b)

  stock or an interest in stock.

Textual Amendments

F1 Words in Sch. 23 para. 30 inserted (with application in accordance with s. 93(6) of the amending Act) by Finance Act 2006 (c. 25), s. 93(4)