ERSM10070 - Introduction
Table of relevant legislation over the years
| Old legislation (pre-6/4/2003) | ITEPA 2003 as originally enacted (6/4/2003 – 15/4/2003) | ITEPA 2003 as amended by Schedules 21 & 22 FA 2003 (from 16/4/2003) | FA 2004 | FA 2005 & F(No 2)A 2005 |
| Various definitions & information powers | Chapter 1 Part 7
Introduction | Chapter 1 Part 7
Introduction as from when relevant in context of other chapters | Anti-avoidance
measures for public offers and approved schemes as from 18/6/04 | Insurance contracts
added to list of "securities" as from 2/12/04 |
| S140A-C ICTA 1988 (intro
by FA 1998)
Conditional shares S78 FA 1988 Charge where restrictions removed | Chapter 2 Part 7
Conditional interests in shares Chapter 4 Part 7 Restrictions or rights varied | Chapter 2 Part 7
Restricted securities as from 1/9/03 | Detailed anti-avoidance
measures from 7/5/04 or 18/6/04
NIC elections as from 1/9/04 | Detailed anti-avoidance
measures
as from 2/12/04 |
| S140D-F ICTA 1988
(intro by FA 1998) Convertible shares | Chapter 3 Part 7
Convertible shares | Chapter 3 Part 7
Convertible securities as from 1/9/03 | Detailed anti-avoidance
measures from 7/5/04 NIC elections as from 1/9/04 | Detailed anti-avoidance measures as from 2/12/04 |
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| Chapter 3A Part 7
Securities with artificially depressed market value as from 16/4/03 | Detailed anti-avoidance
measures from 7/5/04 |
|
| S79 FA 1988
Shares in dependent subsidiaries | Chapter 4 Part 7
Increase in value of shares of dependent subsidiaries | Chapter 3B Part 7
Securities with artificially enhanced market value as from 16/4/03 | Detailed anti-avoidance
measures from 7/5/04 |
|
| S162 ICTA 1988
Employee shareholdings | Chapter 8 Part 3
Notional loans in respect of acquisition of shares | Chapter 3C Part 7
Securities acquired for less than market value as from 16/4/03 | Detailed anti-avoidance
measures as from 7/5/04 | Detailed anti-avoidance
measures as from 2/12/04 |
| S162(6) ICTA 1988
Employee shareholdings | Chapter 9 Part 3
Disposals of shares for more than market value | Chapter 3D Part 7
Securities disposed of for more than market value as from 16/4/03 |
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|
| S80 FA 1988
Special benefits | Chapter 4 Part 7
Post-acquisition benefits from shares | Chapter 4 Part 7
Post-acquisition benefits from securities as from 16/4/03 | Detailed anti-avoidance
measures as from 7/5/04 | Detailed anti-avoidance
measures as from 2/12/04 |
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| Chapter 4A
Shares in research institution spin-out companies as from 2/12/04 |
| S135-S140 ICTA 1988
Gains by directors & employees from share options | Chapter 5 Part 7
Share options | Chapter 5 Part 7
Securities options as from 16/4/03 for other securities and from 1/9/03 for shares | Detailed anti-avoidance
measures from 18/6/04 |
|
| S47 & Schedule 8 FA
2000
Employee share ownership plans (ESOPs) | Chapter 6 Part 7 & Schedule 2 Approved share incentive plans (SIPs) | Detailed amendments in Schedule 21 FA 2003 |
|
|
| S185 & Schedule 9
ICTA 1988
Approved share option schemes | Chapter 7 Part 7 &
Schedule 3
Approved SAYE option schemes | Detailed amendments in Schedule 21 FA 2003 |
|
|
| S185 & Schedule 9
ICTA 1988
Approved share option schemes | Chapter 8 Part 7 &
Schedule 4
Approved CSOP schemes | Detailed amendments in Schedule 21 FA 2003 |
|
|
| S62 & Schedule 14 FA
2000
Enterprise management incentives (EMI) | Chapter 9 Part 7 &
Schedule 5
Enterprise management incentives (EMI) |
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| S86 FA 1988
Priority share allocations for employees | Chapter 10 Part 7
Priority share allocations |
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