# Income and Corporation Taxes Act 1988, Paragraph 5

Extent: E+W+S+N.I.

(1) No deduction is allowed for expenses in providing shares that are acquired on behalf of individuals under an approved share incentive plan as dividend shares.
(2) This is subject to paragraph 8 (deductions for contributions to running expenses of plan).

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Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/5 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-4AA/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.