Part 7Employment income: income and exemptions relating to securities

Chapter 6Approved share incentive plans

Tax advantages connected with holding of shares

F1496No charge on cash dividend retained for reinvestment

For the exemption from income tax of amounts retained under paragraph 68(2) of Schedule 2 (amount of cash dividend not reinvested), see section 770 of ITTOIA 2005 (amounts applied by SIP trustees acquiring dividend shares or retained for reinvestment).