Paragraph 101
United Kingdom
(1)
Shares which cease to be subject to the plan are treated as having been disposed of and immediately reacquired by the participant at market value.
(2)
Any gain accruing on that disposal is not a chargeable gain.
Notes on Schedule 8
Textual amendments
- F1
Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)