Finance Act 2014 (c. 26)

SCHEDULES

SCHEDULE 8 U.K. Employee share schemes

PART 3 U.K. CSOP schemes

Amendments to Chapter 8 of Part 7 of ITEPA 2003 U.K.

162 (1) Section 524 (no charge in respect of exercise of option) is amended as follows. U.K.

(2) In subsection (1)(a) for “approved” substitute “ a Schedule 4 CSOP scheme ”.

(3) In subsection (2E)—

(a) in paragraph (a) for “approved” substitute “ a Schedule 4 CSOP scheme ”,

(b) in paragraphs (c), (d) and (f) after sub-paragraph (ii) omit “or” and insert—

“(iia) the non-UK company reorganisation arrangement, or”, and

(c) in paragraph (e) after sub-paragraph (ii) omit “or” and insert—

“(iia) the making of any non-UK company reorganisation arrangement which would fall within subsection (2L), or”.

(4) In subsection (2L)—

(a) after “arrangement” insert “ or a non-UK company reorganisation arrangement ”, and

(b) in paragraph (b) for “an approved” substitute “ a Schedule 4 ”.