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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Tax advantages: taxable benefits

  • Section 540 No charge on acquisition of shares as taxable benefit
  1. Tax advantages: taxable benefits
  2. No charge on acquisition of shares as taxable benefit

Section 540 | No charge on acquisition of shares as taxable benefit

From legislation.gov.uk

(1)... Chapter 3C of this Part (taxable benefits: notional loans in respect of acquisitions of shares) does not apply in relation to the acquisition of shares by the exercise of a qualifying option.F1

(2)Repealed

Notes

  1. F1

    Words in s. 540(1) substituted (with effect in accordance with Sch. 22 para. 40(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 40(1)

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