[443 Case outside charge under section 438]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[443  Case outside charge under section 438]

[(1)     Section 438 (charge on occurrence of chargeable event) does not apply if—

(a)     the employment-related securities are shares (or an interest in shares) in a company of a class,

(b)     all the company's shares of the class are convertible securities,

[(ba)     subsection (1A) is satisfied,]

(c)     all the company's shares of the class (other than the employment-related securities) are affected by an event similar to that which is a

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