Part 7 Employment Income: [Income Related Securities]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

Part 7 Employment Income: [Income Related Securities]

[Pre-6th April 2003 acquisitions

43A

(1)     This paragraph relates to the operation of section 421E (exclusions from Chapters 2 to 4 of Part 7: residence) in relation to an acquisition made before 6th April 2003.

(2)     Section 421E(1) has effect with the substitution of “the employee was not chargeable under Case I of Schedule E in respect of the employment†for the words from “the earningsâ€.

(3)     Section 421E(2) has effect with the substitution of “the emoluments of the employment did not fall to be charged to income tax under Schedule E†for the words from “the earningsâ€.]

Conditional interests in shares

44

Chapter 2 of Part 7[, as originally enacted,] does not apply in relation to interests acquired before 17th March 1998.

45

(1)     This paragraph relates to the operation of section 425 (cases where Chapter 2 of Part 7 does not apply)[, as originally enacted].

(2)     Section 425(1) applies in relation to any acquisition made before 6th April 2003 with the substitution of “if the person was not chargeable under Case I of Schedule E in respect of the office or employment in question†for the words from

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