Part 14 Other Relief for Employee Share Acquisitions
Corporation Tax Act 2009 (2009 c 4) | Legislation

Part 14 Other Relief for Employee Share Acquisitions

Accounting periods beginning before 1 January 2003

107

(1)     Relief is not available under Part 12 in relation to shares acquired so far as a deduction is available or has been made in relation to relevant expenses in calculating the chargeable profits of the employing company or any other company for corporation tax purposes for an accounting period beginning before 1 January 2003.

(2)     “Relevant expenses†means any expenses

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