# Finance Act 2004, Paragraph 17


(1) Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003 (enterprise management incentives) is amended as follows.
(2) In paragraph 18 (excluded activities: leasing of certain ships), in sub-paragraph (1) for “oil rigs” substitute “ offshore installations ”.
(3) In paragraph 18(2) for “oil rig” substitute “ offshore installation ”.
(4) In paragraph 18(8) omit the definition of “oil rig”.
(5) In paragraph 59 (index of defined expressions) at the appropriate place insert—
“
offshore installation
section 837C of ICTA
”
(6) This paragraph has effect in relation to a right to acquire shares in a company granted on or after 6th April 2004.
(7) Nothing in this paragraph affects the operation of Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003 in relation to a right to acquire shares in a company granted before that date.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/17 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-27/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.