549 Application of this Chapter
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

Chapter 11
Supplementary Provisions about Employee Benefit Trusts

Introduction

549  Application of this Chapter

(1)     This Chapter applies for the purposes of any listed provision in circumstances where—

(a)     an individual (“B”) is interested as a beneficiary of an employee benefit trust in shares or obligations of a particular company (“the company”), and

(b)     the question arises under that provision whether the trustees of the trust are, as a result of B's being so interested, to be regarded as associates of B's for the relevant purposes.

The

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