Point in time view as at 26/05/2015.
Taxation of Chargeable Gains Act 1992, Cross Heading: No chargeable gain on shares ceasing to be subject to the plan is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Textual Amendments
F1Sch. 7D inserted (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. 221 (with Sch. 7)
5(1)Shares which cease to be subject to the plan are treated as having been disposed of and immediately reacquired by the participant at market value.U.K.
(2)Any gain accruing on that disposal is not a chargeable gain.]
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