# Income Tax (Earnings and Pensions) Act 2003, Paragraph 55

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

(1) Chapter 4 of Part 7 , as originally enacted, applies in relation to shares or an interest in shares acquired before 26th October 1987 if the company was not a dependent subsidiary on that date.
(2) But it so applies—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) subject to paragraph 56.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/7/paragraph/55 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-7/paragraph-55
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.