{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-128",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-128.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/8/paragraph/128",
  "kind": "paragraph",
  "number": "128",
  "heading": null,
  "text": "(1) For the purposes of this Schedule “readily convertible asset” has the same meaning as in section 203F of the Taxes Act 1988 (PAYE: tradeable assets).\nThis is subject to sub-paragraph (2).\n(2) In determining for the purposes of this Schedule (and that section in its application in relation to shares which cease to be subject to a plan) whether shares are readily convertible assets any market for the shares that—\n(a) is created by virtue of the trustees acquiring shares for the purposes of the plan, and\n(b) exists solely for the purposes of the plan,\nshall be disregarded.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch.8 para. 128(2) inserted (24.7.2002 with effect as mentioned in s. 39(7) of the amending Act) by 2002 c. 23, s. 39(6)(7)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/128",
    "retrieved_at": "2026-10-29T09:21:00.128981+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."
}