Section 983 — Corporation Tax Act 2009: Overview of Chapter

Overview of Chapter 983 1 This Chapter is about deductions relating to Schedule 2 share incentive plans.

2 Section 984 relates to the interpretation of this Chapter.

3 Sections 985 and 986 set out—

a how effect is given to deductions allowed under this Chapter, and b how amounts treated as received under this Chapter are dealt with.

4 Sections 987 and 988 deal with deductions allowed for the costs of setting up plans and their running expenses.

5 Sections 989 to 993 deal with deductions allowed for payments used to acquire shares for plan trusts.

6 Sections 994 to 997 deal with other deductions relating to free shares, matching shares, partnership shares and dividend shares.

7 Section 998 deals with the withdrawal of deductions if a plan ceases to be a Schedule 2 share incentive plan .