Income Tax (Earnings and Pensions) Act 2003 Schedule 4 paragraph 20

Requirements as to other shareholdings

Schedule 4 paragraph 20 previously imposed conditions relating to participants' other shareholdings in CSOP schemes, but has been repealed.

  • Paragraph 20 of Schedule 4 has been repealed in its entirety
  • The repeal was made by Finance (No. 2) Act 2023, section 16(4) and (7)
  • Previously, this paragraph set out requirements regarding other shareholdings held by CSOP option holders
  • The removal of this provision means there is no longer a restriction based on a participant's existing shareholdings in the company

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