# Income Tax (Earnings and Pensions) Act 2003, Paragraph 18


Eligible shares must be—
(a) fully paid up, and
(b) not redeemable.

---
Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/4/paragraph/18 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-4/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.