# Finance Act 2000, Paragraph 102

Extent: E+W+S+N.I.

(1) If any of the participant’s plan shares are forfeited, they are treated as having been disposed of by the participant and acquired by the trustees at market value at the date of forfeiture.
(2) Any gain accruing on that disposal is not a chargeable gain.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/102 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-102
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.