Income Tax (Trading and Other Income) Act 2005 section 752

Interest under employees' share schemes

Section 752 provides an exemption from income tax for trustees of employees' share schemes in respect of interest they receive from scheme participants, where the scheme requires them to pass an equivalent amount back to the company.

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.