OpenLegislation

Paragraph 27

In section 149AA (restricted and convertible employment-related securities and employee shareholder shares), in subsection (7)—

(a)

after “include” insert

“— ”, and

(a)
(b)

at the end insert

“, or

(b)

in a case in which the amount that constituted, or was treated as, earnings was not an amount of general earnings to which any of the charging provisions of Chapters 4 and 5 of Part 2 of ITEPA 2003 applied, any amount that would have been an amount of such exempt income if any of those charging provisions had applied.”