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 earnings”.

(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 earnings”.]

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Chapter 2 of Part 7[, as originally enacted,] does not apply in relation to interests acquired before 17th March 1998.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(1)     This paragraph relates to the operation of section 425 (cases where Chapter 2 of Part 7 does not apply)[, as originally enacted].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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