# Taxation of Chargeable Gains Act 1992, Paragraph 3


(1) Sub-paragraph (2) applies to any shares awarded to a participant under the plan.
(2) The participant is treated for capital gains tax purposes as absolutely entitled to those shares as against the trustees.
(3) Sub-paragraph (2) applies notwithstanding anything in the plan or the trust instrument.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/7D/paragraph/3 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7D/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.