Income Tax (Earnings and Pensions) Act 2003 section 495

No charge on increase in value of shares in dependent subsidiary

Section 495 protects participants in a Share Incentive Plan from being charged income tax on increases in the value of shares in a dependent subsidiary while those shares remain within the plan.

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.