# Finance Act 2000, Paragraph 110

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

If any of a participant’s plan shares are forfeited—
(a) the shares are treated for the purposes of this Part as acquired by the trustees—
(i) when the forfeiture occurs, and
(ii) for no consideration, and
(b) no deduction is allowed under paragraph 106 or 107 in respect of any subsequent award of those shares under the plan.

---
Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/110 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-110
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.