Taxation of Chargeable Gains Act 1992 section 236A

Relief for transfers to share incentive plans

Section 236A introduces the capital gains tax roll-over relief available when shares are transferred to a share incentive plan (SIP) established under Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003.

• Roll-over relief is available when shares are transferred to a Schedule 2 share incentive plan (SIP)
• The detailed rules for this relief are contained in Schedule 7C to the Taxation of Chargeable Gains Act 1992
• The relief allows the capital gains tax charge that would otherwise arise on the transfer of shares into the SIP to be deferred
• The provision applies specifically to plans that meet the requirements of Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003