Corporation Tax Act 2009 section 1001

Overview of Part

Section 1001 provides an overview of Part 12 of the Corporation Tax Act 2009, which deals with corporation tax relief available to companies in connection with employee share acquisitions.

• Part 12 provides corporation tax relief where shares are acquired by employees or others in connection with employment
• Relief covers direct share acquisitions, share options that are subsequently exercised, and additional relief for restricted or convertible shares and securities
• Separate chapters address each type of relief: direct acquisitions (Chapter 2), options (Chapter 3), restricted shares (Chapter 4), and convertible shares or securities (Chapter 5)
• Chapter 6 explains how these reliefs interact with other available tax reliefs