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Paragraph 220

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Amend Schedule 7C (relief for transfers to approved share plans) as follows.

(2)

In paragraph 1(1) (introductory) for “an employee share ownership” substitute “ a share incentive ”.

(3)

In paragraph 2 (conditions relating to the disposal)—

(a)

in sub-paragraph (1) for “Schedule 8 to the Finance Act 2000” substitute “ Schedule 2 to ITEPA 2003 ”,

(b)

in sub-paragraph (2)—

(i)

for “Part VIII” substitute “ Part 4 ”,

(ii)

for “used in plan” substitute “ awarded ”, and

(iii)

for “61(a) and (c)” substitute “ 27(1)(a) and (c) and (2) ”,

(c)

in sub-paragraph (4) for “of Schedule 8 to the Finance Act 2000” substitute “ given by paragraph 97 of Schedule 2 to ITEPA 2003 ”.