{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-417",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-417.json",
  "legislation": "ukpga/2003/1",
  "legislation_title": "Income Tax (Earnings and Pensions) Act 2003",
  "legislation_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003",
  "path": "section/417",
  "kind": "section",
  "number": "417",
  "heading": "Scope of Part 7",
  "text": "(1) This Part contains special rules about cases where securities, interests in securities or securities options are acquired in connection with an employment.\n(2) The rules are contained in—\nChapter 2 (restricted securities),\nChapter 3 (convertible securities),\nChapter 3A (securities with artificially depressed market value),\nChapter 3B (securities with artificially enhanced market value),\nChapter 3C (securities acquired for less than market value),\nChapter 3D (securities disposed of for more than market value),\nChapter 4 (post-acquisition benefits from securities),\nChapter 5 (securities options),\nChapter 6 (... share incentive plans),\nChapter 7 (... SAYE option schemes),\nChapter 8 (... CSOP schemes),\nChapter 9 (enterprise management incentives), and\nChapter 10 (priority share allocations).\n(3) The following make provision for amounts to count as employment income—\nChapters 2 to 6, and\nChapter 8.\n(4) The following make provision for exemptions and reliefs from income tax—\nChapters 2 and 3, and\nChapters 5 to 10.\n(5) Chapter 11 contains supplementary provisions relating to employee benefit trusts.\n(6) Section 5(1) (application of employment income Parts to office-holders generally) does not apply to Chapters 6 to 10; and section 549(5) makes provision about its application to Chapter 11.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 7 Ch. 1 substituted (with effect in accordance with Sch. 22 para. 2(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 2(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/section/417",
    "retrieved_at": "2026-10-29T09:18:42.395488+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}