Income Tax (Earnings and Pensions) Act 2003 section 25

Types of share that may be awarded: introduction [ITEPA 2003 Sch 2 para 25]

Section 25 introduces the requirements that shares must meet before they can be awarded under a Share Incentive Plan (SIP).

  • Shares awarded under a SIP must be part of the ordinary share capital of certain qualifying companies
  • The shares must meet specific listing or market requirements
  • Shares must be fully paid up and must not be redeemable
  • Certain prohibited types of shares cannot be used in a SIP

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.

Become a member