Overview of legislation: two types of scheme

This guidance applies to companies that hold shares up to 21 April 2009

The legislation is now in CTA09/PT6/CH7, at sections 522 to 535.

Shares subject to outstanding third party obligations

CTA09/S524 to S525 deal with cases where shares are subject to ‘outstanding third party obligations’, and the shares are an ‘interest-like investment’. This is a narrowly targeted measure that deals with scheme 1 set out at CFM45020. This legislation was originally at FA96/S91A.

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