BIM44080 - Specific deductions - employee share schemes: Contributions to QUESTs, a/c periods starting before 1 Jan 2003 - companies eligible for relief

FA89/S67 provides that to be eligible for the relief a company, at the time it makes a contribution to a qualifying Employee Share Ownership Trust must:

• be resident in the UK (FA89/S67 (1)(c)), and
• have some employees of its own, or of a company it then controls (within the meaning of ICTA88/S840), who are eligible to benefit under the terms of the trust deed (FA89/S67 (3)).