Section 48 Relief for transfers to employee share ownership plans.

In the M1Taxation of Chargeable Gains Act 1992, after section 236 insert—

“ Employee share ownership plans

Relief for transfers to employee share ownership plans

236A

Schedule 7C (which makes provision for roll-over relief where shares are transferred to an approved employee share ownership plan) shall have effect.”.

After Schedule 7B to that Act insert the Schedule 7C set out in Schedule 9 to this Act.