SCHEDULES

SCHEDULE 7Transitionals and savings

Part 7Employment income: F2income related to securities

Annotations:
Amendments (Textual)
F2

Words in Sch. 7 Pt. 7 heading substituted (10.7.2003) by Finance Act 2003 (c. 14), Sch. 22 para. 46(4)

Post-acquisition benefits from shares

56

The removal or variation of a restriction applying to shares or an interest in shares acquired before 26th October 1987 is not a chargeable event for the purposes of section 449 F1, as originally enacted, if paragraph 7 of Schedule 8 to FA 1973 (requirement for disposal to nominees at price not exceeding market value on termination of employment) would have applied to it.