Section 1001 Overview of Part
This Part provides for corporation tax relief in relation to employee share acquisitions.
Sections 1002 to 1005 relate to the interpretation of this Part.
Chapter 2 provides for relief if shares are acquired by an employee or another person because of the employee's employment by a company.
Chapter 3 provides for relief if—
an employee or another person obtains an option to acquire shares because of the employee's employment by a company, and
shares are acquired pursuant to the option.
Chapter 4 provides for additional relief in cases involving restricted shares.
Chapter 5 provides for additional relief in cases involving convertible shares or convertible securities that are not shares.
Chapter 6 deals with the relationship between the reliefs under this Part and other reliefs.
Notes on Part 12
Modifications
- C1
Pt. 12 applied by 2010 c. 8, s. 425(5) (as inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 1 (with Sch. 5 paras. 27, 32-34))