Income Tax (Earnings and Pensions) Act 2003 Schedule 4 paragraph 19

Only certain kinds of restriction allowed

Paragraph 19 of Schedule 4 dealt with the types of restrictions that could be placed on shares acquired through CSOP share option schemes, but has been repealed.

• This paragraph originally set out the permitted kinds of restriction that could apply to shares acquired under CSOP share option schemes.
• The paragraph was repealed in its entirety by Finance Act 2013, Schedule 2, paragraph 71.
• The repeal formed part of a wider set of amendments to the share scheme legislation introduced by Finance Act 2013.
• Any historical application of this paragraph would need to be considered in the context of the law as it stood before the repeal took effect.