[425 No charge in respect of acquisition in certain cases]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[Tax exemption on acquisition]

[425  No charge in respect of acquisition in certain cases]

[(1)     Subsection (2) applies if the employment-related securities—

(a)     are restricted securities, or a restricted interest in securities, by virtue of subsection (2) of section 423 (provision for transfer, reversion or forfeiture) at the time of the acquisition, and

(b)     will cease to be restricted securities, or a restricted interest

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