Related Commentary  Related HMRC Manuals

236D  [Omitted by FA 2017, s. 13(4).]


S. 236D omitted by FA 2017, s. 13(4), with effect in relation to shares acquired in consideration of an employee shareholder agreement entered into on or after the relevant day (1 December 2016 or 2 December 2016 where the individual entering into an employee shareholder agreement receives the advice referred to in ERA 1996, s. 205A(6)(a) on 23 November 2016, but before 1.30 pm on that day (FA 2017, s. 13(6)–(8)). Former s. 236D read as follows:

“Shares not exempt if shareholder or connected person has material interest in company

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