SCHEDULES

SCHEDULE 7Transitionals and savings

Part 7Employment income: share-related income

Conditional interests in shares

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1

This paragraph relates to the operation of section 425 (cases where Chapter 2 of Part 7 does not apply).

2

Section 425(1) applies in relation to any acquisition made before 6th April 2003 with the substitution of “if the person was not chargeable under Case I of Schedule E in respect of the office or employment in question” for the words from “if the earnings” onwards.