# Finance Act 2008, Section 50: Employment-related securities: repeal of obsolete provisions


(1) In ICTA, omit sections 138 and 139 (share acquisitions by directors and employees: shares acquired before 26 October 1987).
(2) In ITEPA 2003—
(a) in section 418 (other related provisions), omit subsection (4), and
(b) in Schedule 7 (transitionals and savings), omit paragraph 57.
(3) The amendments made by this section have effect for the tax year 2008-09 and subsequent tax years.

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Source: https://www.legislation.gov.uk/ukpga/2008/9/section/50 (the official version)
Page: https://openlegislation.uk/finance-act-2008/section-50
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.