SCHEDULES
F1SCHEDULE 7CRelief for transfers to F2Schedule 2 share plans
Words in Sch. 7C heading substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 37, 89 (with Sch. 8 paras. 90-96)
Provision supplementary to paragraphs 2 and 3
4
1
This paragraph applies for the purposes of paragraphs 2 and 3.
2
The entitlement period is the period beginning with the disposal and ending on the expiry of 12 months beginning with the date of the disposal.
3
The acquisition period is the period beginning with the disposal and ending on the expiry of six months beginning with—
a
the date of the disposal, or
b
if later, the date on which the third condition (set out in paragraph 2(3)) is first fulfilled.
4
The proscribed period is the period beginning with the disposal and ending on—
a
the date of the acquisition, or
b
if later, the date on which the third condition (set out in paragraph 2(3)) is first fulfilled.
5
All arrangements are unauthorised unless they only allow shares to be appropriated to or acquired on behalf of an individual under the plan.
Sch. 7C inserted (28.7.2000) by Finance Act 2000 (c. 17), s. 48(2), Sch. 9