Profit-sharing schemes

For CGT purposes a participant in an approved profit sharing scheme (approved under what is now ITEPA 2003, Pt. 7, Ch. 6, 7, or 8; see ¶465-540, ¶465-520, ¶465-560) is treated as absolutely entitled to his shares as against the trustees of the scheme. This is the case irrespective of any provision to the contrary in the trust deed (TCGA 1992, s. 238(1), (2)).

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.