Point in time view as at 17/12/2014.
Income Tax (Earnings and Pensions) Act 2003, Paragraph 3 is up to date with all changes known to be in force on or before 09 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.
3(1)An SAYE option scheme established by a company that controls one or more other companies (a “parent scheme company”) may extend to all or any of those other companies.U.K.
(2)In the SAYE code an SAYE option scheme established by a parent scheme company which so extends is called a “group scheme”.
(3)In relation to a group scheme a “constituent company” means—
(a)the parent scheme company, or
(b)any other company to which for the time being the scheme is expressed to extend.
(4)Paragraph 46 deals with jointly owned companies and companies controlled by them.
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