Part 4Savings and investment income

Chapter 3Dividends etc. from UK resident companies etc.

Shares in approved share incentive plans (“SIPs”)

396Interpretation of sections 392 to 395

1

This section and sections 392 to 395 form part of the SIP code (see section 488 of ITEPA 2003 (approved share incentive plans)).

2

Accordingly, expressions used in this section or those sections and contained in the index in paragraph 100 of Schedule 2 to that Act (approved share incentive plans) have the meaning indicated by that index.

3

In particular—

a

for the meaning of “award of shares” see paragraph 5(1) of that Schedule,

b

for the meaning of “ceasing to be subject to plan” see paragraph 97 of that Schedule,

c

for the meaning of “dividend shares” see paragraph 62(3)(b) of that Schedule,

d

for the meaning of “employment requirement” see paragraph 15(3) of that Schedule,

e

for the meaning of “participant” see paragraph 5(4) of that Schedule,

f

for the meaning of “plan shares” see paragraphs 86 to 88 and 99(1) of that Schedule, and

g

for the meaning of “shares” see paragraphs 87(6) and 99(2) of that Schedule.