Section 1037 Priority of Chapter 1 of Part 11
(1)
Deductions available under Chapter 1 of Part 11 (relief for particular employee share acquisition schemes: share incentive plans) are to be given priority over relief under this Part.
(2)
No relief is available under this Part in relation to shares in respect of which a deduction is allowable, or has been made, under that Chapter.
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))
Notes on Chapter 6
Textual amendments
- F1
Word in Pt. 12 Ch. 6 heading inserted (1.9.2013) by Finance Act 2013 (c. 29), Sch. 23 paras. 33(2), 38; S.I. 2013/1755, art. 2