Part 3 Material Interest Rules
Finance Act 2013 (2013 c 29) | Legislation

Part 3 Material Interest Rules

Introduction

32

Part 7 of ITEPA 2003 (employment income: income and exemptions relating to securities) is amended as follows.

Share incentive plans

33

Part 3 of Schedule 2 (eligibility of individuals) is amended as follows.

34

In paragraph 13 (introduction)—

(a)     after the entry for paragraph 18 insert “andâ€, and

(b)     omit the entry for paragraph 19 and the “and†before it.

35

In paragraph 14 (time of eligibility to participate) in sub-paragraph (7)—

(a)     after paragraph (b) insert “andâ€, and

(b)     omit paragraph (c) and the “and†before it.

36

Omit paragraphs 19 to 24 (the “no material interestâ€

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