Section 417 | Scope of Part 7 ^F1

(1)This Part contains special rules about cases where securities, interests in securities or securities options are acquired in connection with an employment.

(2)The rules are contained in—

(3)The following make provision for amounts to count as employment income—

(4)The following make provision for exemptions and reliefs from income tax—

(5)Chapter 11 contains supplementary provisions relating to employee benefit trusts.

(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.