SCHEDULES

SCHEDULE 23Employee shareholder shares

PART 1Income tax treatment of employee shareholder shares

13

In section 531 (enterprise management incentives: limitation of charge where shares acquired below market value), after subsection (3) insert—

3A

Sections 226B to 226D (deemed payment for acquisition of employee shareholder shares) provide for the determination of the amount, if any, for which employee shareholder shares (within the meaning of section 226A(6)) are acquired.