[554I Exclusions: introduction to sections 554J to 554M]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[554I  Exclusions: introduction to sections 554J to 554M]

[(1)     Sections 554J and 554K are about steps within section 554B taken in relation to awards of certain shares or securities or of sums of money determined by reference to the market value of certain shares or securities.

(2)     Sections 554L and 554M are about steps within section 554B taken in relation to grants of rights to acquire certain shares or securities or to receive sums of money determined by reference to the market value of certain shares or securities.

(3)     Sections 554J to 554M apply only if B is a company.

(4)     In those sections—

“relevant benefits” has the same meaning as in Chapter 2 of Part 6, but ignoring section 393B(2)(a),

“relevant shares” means—

(a)     shares (including stock) in B,

(b)     instruments

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