Part I General
Income and Corporation Taxes Act 1988 (1988 c 1) | Legislation

SCHEDULE 9 Approved Share Option Schemes and Profit Sharing Schemes

Sections 185, 186, 187

Part I General

1

(1)ÌýÌýÌýÌý Subject to the provisions of this Schedule, on the application of a body corporate (“the grantorâ€) which has established a share option scheme or a profit sharing scheme, the Board shall approve the scheme if they are satisfied that it fulfils such requirements of Part II and this Part as apply in relation to the scheme in question, and the requirements of Part III, IV or V of this Schedule; and in this Schedule—

“the relevant requirements†means, in relation to any scheme, the requirements of this Schedule by reference to which the scheme is approved; and

“savings-related share option scheme†means a scheme in relation to which the relevant requirements include the requirements of Part III of this Schedule.

(2)ÌýÌýÌýÌý An application under sub-paragraph (1) above shall be made in writing and contain such particulars and be supported by such evidence as the Board may require.

(3)ÌýÌýÌýÌý Where the grantor has control of another company or companies, the scheme may be expressed to extend to all or any of

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