# Finance Act 2014, Paragraph 23


In paragraph 43 (partnership shares: introduction) after sub-paragraph (2A) insert—
“(2B) Partnership shares may (notwithstanding sub-paragraph (2A) if relevant) be subject to provision requiring partnership shares acquired on behalf of an employee to be offered for sale but only if the requirement of sub-paragraph (2C) is met.
(2C) The consideration at which the shares are required to be offered for sale must be at least equal to—
(a) the amount of partnership share money applied in acquiring the shares on behalf of the employee, or
(b) if lower, the market value of the shares at the time they are offered for sale.”

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/23 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-8/paragraph-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.