{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-987",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-987.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/987",
  "kind": "section",
  "number": "987",
  "heading": "Deduction for costs of setting up a Schedule 2 share incentive plan",
  "text": "(1) This section applies if a company incurs expenses in setting up a share incentive plan that is a Schedule 2 share incentive plan.\n(2) A deduction for the expenses is allowed to the company.\n(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(4) If the relevant date falls more than 9 months after the end of the period of account in which the expenses are incurred, the deduction is allowed for the period of account in which the relevant date falls.\n(4A) In subsection (4) “the relevant date”, in relation to a share incentive plan, has the meaning given in paragraph 81A(6) of Schedule 2 to ITEPA 2003.\n(5) No other deduction is allowed in respect of expenses for which a deduction is allowed under this section.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 987(1) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 76(3), 89 (with Sch. 8 paras. 90-96)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 987(3) omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 76(4), 89 (with Sch. 8 paras. 90-96)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 987(4) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 76(5), 89 (with Sch. 8 paras. 90-96)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 987(4A) inserted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 76(6), 89 (with Sch. 8 paras. 90-96)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in s. 987 heading substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 76(2), 89 (with Sch. 8 paras. 90-96)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/987",
    "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."
}