Version Superseded: 17/07/2013
Point in time view as at 03/08/2005.
Income Tax (Earnings and Pensions) Act 2003, Paragraph 59 is up to date with all changes known to be in force on or before 06 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.
59(1)The plan must provide for the matching shares to be—U.K.
(a)shares of the same class and carrying the same rights as the partnership shares to which they relate;
(b)awarded on the same day as the partnership shares to which they relate are awarded; and
(c)awarded to all employees who participate in the award on exactly the same basis.
(2)Sub-paragraph (1) is subject to paragraph 32 (permitted restrictions: provision for forfeiture).
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