SCHEDULES
SCHEDULE 2Employee securities: anti-avoidance
Post-acquisition benefits from securities
19
1
In section 449 (exception from charge under section 447 for certain company shares), for subsection (1A) substitute—
1A
This subsection is satisfied unless something which affects the employment-related securities has been done as part of a scheme or arrangement the main purpose (or one of the main purposes) of which is the avoidance of tax or national insurance contributions.
2
This paragraph has effect where something such as is mentioned in section 449(1A) of ITEPA 2003 has been done on or after 2nd December 2004.