# Taxation of Chargeable Gains Act 1992, Paragraph 5


(1) Shares which cease to be subject to the plan are treated as having been disposed of and immediately reacquired by the participant at market value.
(2) Any gain accruing on that disposal is not a chargeable gain.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/7D/paragraph/5 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7D/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.