SCHEDULES

SCHEDULE 2 U.K.Tax advantaged employee share schemes

PART 7 U.K.Share incentive plans: employee share ownership trusts

91 U.K.Part 9 of Schedule 2 to ITEPA 2003 (trustees) is amended as follows.

92 U.K.In paragraph 70 (introduction) in sub-paragraph (2)—

(a) after the entry for paragraph 77 insert “ and ”, and

(b) omit the entry for paragraph 78.

93 (1) Omit paragraph 78 (acquisition of shares from employee share ownership trusts). U.K.

(2) A trust instrument made before the day on which this Act is passed has effect with the omission of any provision falling within a provision of Schedule 2 to ITEPA 2003 omitted by this paragraph.