# Finance Act 2014, Paragraph 16


(1) Section 540 (no charge on acquisition of shares as taxable benefit) is amended as follows.
(2) In subsection (1), omit “In its application in relation to a UK resident employee,”.
(3) Omit subsection (2).

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-9/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.