SCHEDULES

[F1 SCHEDULE 7C U.K.Relief for transfers to approved share plans

Textual Amendments

F1 Sch. 7C inserted (28.7.2000) by Finance Act 2000 (c. 17), s. 48(2), Sch. 9

Introductory U.K.

1 (1) A person (“the claimant”) who makes a disposal of shares (“the disposal”) to the trustees of the plan trust of [F2 a share incentive] plan (“the plan”) is entitled to claim relief under paragraph 5 if— U.K.

(a) the conditions in paragraph 2 are fulfilled, and

(b) paragraph 3(1) or (2) applies.

(2) Sub-paragraph (1) does not apply to a company that makes a disposal of shares.

(3) In this paragraph the references to a disposal of shares include a disposal of an interest in shares.]

Textual Amendments

F2 Words in Sch. 7C para. 1(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 6 para. 220(2) (with Sch. 7)