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.