Section 74

QUALIFYING TRUSTS

1  A trust is a qualifying employee share ownership trust at the time it is established if the conditions set out in paragraphs 2 to 11 below are satisfied in relation to the trust at that time.

Cross references

ICTA 1988, s. 85A(4): in relation to relief for costs of establishment, qualifying ESOT determined in accordance with Sch. 5.

TCGA 1992, s. 228(7): in relation to roll-over relief for share disposals, qualifying ESOT determined in accordance with Sch. 5.

TCGA 1992, s. 235(8): in relation to an inspector’s power to require trustees to supply information, qualifying ESOT determined in accordance with Sch. 5.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.