# Finance Act 2000, Paragraph 109

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

(1) No deduction is allowed for expenses in providing shares that are acquired on behalf of individuals under an approved employee share ownership plan as dividend shares.
(2) This is subject to paragraph 112 (deductions for contributions to running expenses of plan).

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/109 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-109
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.