SCHEDULES

SCHEDULE 6Consequential Amendments

Part 2Other enactments

220Taxation of Chargeable Gains Act 1992 (c. 12)

1

Amend Schedule 7C (relief for transfers to approved share plans) as follows.

2

In paragraph 1(1) (introductory) for “an employee share ownership” substitute “a share incentive”.

3

In paragraph 2 (conditions relating to the disposal)—

a

in sub-paragraph (1) for “Schedule 8 to the Finance Act 2000” substitute “Schedule 2 to ITEPA 2003”,

b

in sub-paragraph (2)—

i

for “Part VIII” substitute “Part 4”,

ii

for “used in plan” substitute “awarded”, and

iii

for “61(a) and (c)” substitute “27(1)(a) and (c) and (2)”,

c

in sub-paragraph (4) for “of Schedule 8 to the Finance Act 2000” substitute “given by paragraph 97 of Schedule 2 to ITEPA 2003”.