Version Superseded: 10/07/2003
Point in time view as at 06/04/2003.
Income Tax (Earnings and Pensions) Act 2003, Paragraph 48 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.
48(1)This paragraph applies where—U.K.
(a)a person had an interest in shares which was only conditional,
(b)in the tax year 2002-03 either—
(i)the shares ceased to be shares in which that person’s interest was only conditional,
(ii)the shares were disposed of, or
(iii)that person died, and
(c)that event gave rise to a charge under section 140A of ICTA (charge on conditional interest in shares ceasing to be conditional or on disposal).
(2)Section 433 (duty to notify events resulting in charges under section 427) applies in relation to the event subject to the following provisions.
(3)The particulars required by section 433(2) must be provided to the Inland Revenue before 6th May 2003.
(4)However, no particulars of the provision need be provided by a person under section 433 if that person has already given particulars of it under section 140G(2) of ICTA (which made provision corresponding to section 433 for tax years before 2003-04).
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