67 Tax relief
Finance Act 1989 (1989 c 26) | Legislation

Employee share ownership trusts

67  Tax relief

(1)     This section applies where—

(a)     a company expends a sum in making a payment by way of contribution to the trustees of a trust which is a qualifying employee share ownership trust at the time the sum is expended,

(b)     at that time, the company or a company which it then controls has employees who are eligible to benefit under the terms of the trust deed,

(c)     at that time the company is resident in the United Kingdom,

(d)     before the expiry of the expenditure period the sum is expended by the trustees for one or more of the qualifying purposes, and

(e)

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