989 Deduction for contribution to plan trust
Corporation Tax Act 2009 (2009 c 4) | Legislation

Deductions relating to payments used to acquire shares

989  Deduction for contribution to plan trust

(1)     A deduction is allowed to a company (“the paying company”) if—

(a)     the paying company makes a payment to the trustees of [a Schedule 2] share incentive plan to enable them to acquire shares in the paying company or a company that controls it,

[(aa)     the payment is not made pursuant to tax avoidance arrangements,]

(b)     the trustees apply the payment to acquire such shares,

(c)     the trustees do not acquire the shares from a company, and

(d)

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