# Income Tax Act 2007, Section 490: Interpretation of Chapter

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

(1) This Chapter forms part of the SIP code (see section 488 of ITEPA 2003 (... share incentive plans)).
(2) Therefore expressions used in this Chapter and contained in the index at the end of Schedule 2 to ITEPA 2003 have the meaning indicated by that index.
(3) For the purposes of this Chapter shares which are subject to provision for forfeiture are treated as acquired by the trustees if and when the forfeiture occurs.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/490 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-490
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.