Finance Act 2003 (c. 14)

SCHEDULES

SCHEDULE 23 U.K. Corporation tax relief for employee share acquisition

Part 3 U.K. Grant of option

Timing of relief U.K.

17 (1) The relief is given for the accounting period in which the shares are acquired [F1 pursuant to] the option. U.K.

(2) The time when the shares are acquired is when the recipient acquires a beneficial interest in the shares and not, if different, the time the shares are conveyed or transferred.

Textual Amendments

F1 Words in Sch. 23 para. 17(1) substituted (1.9.2003) by Finance Act 2003 (c. 14), Sch. 22 para. 67; S.I. 2003/1997, art. 2