551 “Qualifying disposals” for purposes of section 550
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

551  “Qualifying disposals” for purposes of section 550

(1)     For the purposes of section 550 (meaning of “employee benefit trust”) a “qualifying disposal” is a disposal of property consisting of—

(a)     any of the ordinary share capital of the company, or

(b)     money paid outright,

where any of conditions 1, 2 and 3 is met.

(2)

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