Section 1001 — Corporation Tax Act 2009: Overview of Part

Overview of Part 1001 1 This Part provides for corporation tax relief in relation to employee share acquisitions.

2 Sections 1002 to 1005 relate to the interpretation of this Part.

3 Chapter 2 provides for relief if shares are acquired by an employee or another person because of the employee's employment by a company.

4 Chapter 3 provides for relief if—

a an employee or another person obtains an option to acquire shares because of the employee's employment by a company, and b shares are acquired pursuant to the option.

5 Chapter 4 provides for additional relief in cases involving restricted shares.

6 Chapter 5 provides for additional relief in cases involving convertible shares or convertible securities that are not shares.

7 Chapter 6 deals with the relationship between the reliefs under this Part and other reliefs.