Related Commentary  Related HMRC Manuals

69(1)  For the purposes of section 68 above each of the following is a chargeable event in relation to the trustees of an employee share ownership trust–

(a)the transfer of securities by the trustees, if the transfer is not a qualifying transfer;

(b)the transfer of securities by the trustees to persons who are at the time of the transfer beneficiaries under the terms of the trust deed, if the terms on which the transfer is made are not qualifying terms;

(c)the retention of securities by the trustees at the expiry of the qualifying period beginning with the date on which they acquired them;

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