There are currently no known outstanding effects for the Finance Act 2013, Paragraph 23.
23(1)Paragraph 34 (exercise of options: scheme-related employment ends) is amended as follows.U.K.
(2)In sub-paragraph (2)—
(a)omit the “or” after paragraph (a), and
(b)after paragraph (b) insert—
“(c)a relevant transfer within the meaning of the Transfer of Undertakings (Protection of Employment) Regulations 2006, or
(d)if P holds office or is employed in a company which is an associated company (as defined in paragraph 35(4)) of the scheme organiser, that company ceasing to be an associated company of the scheme organiser by reason of a change of control (as determined in accordance with sections 450 and 451 of CTA 2010),”.
(3)In sub-paragraphs (4) and (5A)(b) for “or (b)” substitute “ to (d) ”.
(4)A SAYE option scheme approved before the day on which this Act is passed has effect with any modifications needed to reflect the amendments made by this paragraph.
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