{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-1007",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-1007.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/1007",
  "kind": "section",
  "number": "1007",
  "heading": "Basic requirements for relief under Chapter 2",
  "text": "(1) Relief under this Chapter is available to a company (“the employing company”) if—\n(a) a person (“the employee”) has employment with the employing company,\n(b) that employment (“the relevant employment”) is in relation to a business within subsection (2) (“the qualifying business”),\n(c) the employee or another person acquires shares because of the relevant employment,\n(d) the conditions set out in sections 1008 and 1009 are met as mentioned in those sections, and\n(e) relief under Chapter 3 is not available to the employing company in relation to the acquisition of the shares.\nThe person who acquires the shares is, in that capacity, called “the recipient”.\n(2) A business is within this subsection so far as—\n(a) the business is carried on by the employing company, and\n(b) the employing company is within the charge to corporation tax in relation to the profits of the business or would be but for section 18A.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 1007(2)(b) inserted (19.7.2011) by Finance Act 2011 (c. 11), Sch. 13 paras. 9, 31"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/1007",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}