Related Commentary  

1009(1)  If the shares acquired are not restricted shares, the following conditions must be met in relation to the income tax position of the employee.

Condition 1

The employee is subject to a charge under ITEPA 2003 in relation to the acquisition of the shares.

Condition 2

Section 446UA of ITEPA 2003 does not apply in relation to the shares.

1009(2)  If the shares acquired are restricted shares, the following condition must be met in relation to the income tax position of the employee.

The Condition

The employee–

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