Corporation Tax Act 2009 (c. 4)

Part 12 U.K. Other relief for employee share acquisitions

Chapter 6 U.K. Relationship between relief under this Part and other reliefs [F1 ETC]

Textual Amendments

F1 Word in Pt. 12 Ch. 6 heading inserted (1.9.2013) by Finance Act 2013 (c. 29), Sch. 23 paras. 33(2), 38; S.I. 2013/1755, art. 2

[F2 1038B Employee shareholder shares U.K.

For the purposes of this Part, any payment treated as made under section 226B of ITEPA 2003 (employee treated as paying £2000 for employee shareholder shares) in respect of the acquisition of shares is to be ignored when determining—

(a) whether a person is subject to a charge to tax under that Act,

(b) the amount that counts (or would have counted) as employment income under that Act, or

(c) the consideration given by a person in relation to the acquisition of the shares.]

Textual Amendments

F2 S. 1038B inserted (1.9.2013) by Finance Act 2013 (c. 29), Sch. 23 paras. 33(1), 38; S.I. 2013/1755, art. 2