Paragraph 1 F1
United Kingdom
A person (“the claimant”) who makes a disposal of shares (“the disposal”) to the trustees of the plan trust of F2a share incentive plan (“the plan”) is entitled to claim relief under paragraph 5 if—
the conditions in paragraph 2 are fulfilled, and
paragraph 3(1) or (2) applies.
Sub-paragraph (1) does not apply to a company that makes a disposal of shares.
In this paragraph the references to a disposal of shares include a disposal of an interest in shares.
Annotations
Textual amendments
- F1
Sch. 7C inserted (28.7.2000) by Finance Act 2000 (c. 17), s. 48(2), Sch. 9
- F2
Words in Sch. 7C para. 1(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 6 para. 220(2) (with Sch. 7)
Notes on Schedule 7C
Textual amendments
- F2
Words in Sch. 7C heading substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 37, 89 (with Sch. 8 paras. 90-96)