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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Introduction

  • Section 516 ... SAYE option schemes
  • Section 517 Share options to which this Chapter applies
  1. Introduction
  2. ... SAYE option schemes

Section 516 | ... SAYE option schemes F1F2

From legislation.gov.uk

(1)This Chapter provides—

(a)Repealed

(b)for exemptions from income tax in connection with share options granted under SAYE option schemes which are Schedule 3 SAYE option schemes.F3

(2)Repealed

(3)The provisions of—

(a)this and the following sections of this Chapter,

(b)Schedule 3, and

(c)Part 2 of Schedule 7D to TCGA 1992 (Schedule 3 SAYE option schemes: amount of consideration on exercise of option),F4

together constitute “the SAYE code”.

(4)In the SAYE code—

(5)Other expressions used in the SAYE code and contained in the index at the end of Schedule 3 have the meaning indicated by the index.

Notes

  1. F1

    Words in s. 516(4) substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 605 (with Sch. 2)

  2. F2

    Words in s. 516(4) inserted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 99(6)(b), 146 (with Sch. 8 paras. 147-157)

  3. F3

    Words in s. 516(1)(b) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 99(3)(b), 146 (with Sch. 8 paras. 147-157)

  4. F4

    Words in s. 516(3)(c) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 99(5), 146 (with Sch. 8 paras. 147-157)

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