[1030A Application of Chapter: employees of overseas companies who take up employment with, or work for, a UK company]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[1030A  Application of Chapter: employees of overseas companies who take up employment with, or work for, a UK company]

[(1)     This section applies if—

(a)     a person (“E”) has, or had, an employment (“the overseas employment”) with a non-UK resident company not within the charge to corporation tax (“the overseas company”),

(b)     E or another person acquired convertible securities because of the overseas employment (whether or not pursuant to an option),

(c)     the case is not within section 1030(1) or (2),

(d)     relief under Chapter 2 or 3 would have been available to the overseas company in relation to the acquisition if—

(i)     in a case in which the convertible securities were not shares, they had been shares in relation to which the conditions set out in section 1008 or (as the case may be) 1016 were met, and

(ii)     at all material times, the overseas company had carried on a business within subsection (2) (“a qualifying business”) and the overseas employment had related to that

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