996 Shares excluded from sections 994 and 995
Corporation Tax Act 2009 (2009 c 4) | Legislation

996  Shares excluded from sections 994 and 995

(1)     No deduction is allowed under section 994 or 995 in relation to shares to which any of exclusions 1 to 5 applies.

(2)     Exclusion 1 applies to shares awarded to an excluded employee.

(3)     For the purposes of subsection (2) an employee is excluded if, at the time the shares are awarded to the employee, the earnings from the employee's employment with the

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