Section 1001 | Overview of Part

(1)This Part provides for corporation tax relief in relation to employee share acquisitions.

(2)Sections 1002 to 1005 relate to the interpretation of this Part.

(3)Chapter 2 provides for relief if shares are acquired by an employee or another person because of the employee's employment by a company.

(4)Chapter 3 provides for relief if—

(a)an employee or another person obtains an option to acquire shares because of the employee's employment by a company, and

(b)shares are acquired pursuant to the option.

(5)Chapter 4 provides for additional relief in cases involving restricted shares.

(6)Chapter 5 provides for additional relief in cases involving convertible shares or convertible securities that are not shares.

(7)Chapter 6 deals with the relationship between the reliefs under this Part and other reliefs.