Section 991 — Corporation Tax Act 2009: Another deduction to be allowed if all acquired shares are awarded

Another deduction to be allowed if all acquired shares are awarded 991 1 This section applies if—

a a direction is made under section 990, and b at any time after the making of the direction the condition in subsection (2) is met.

2 The condition is that all the acquired shares are awarded under the plan.

3 A deduction is allowed to the paying company for the period of account in which the condition is first met.

4 The amount of the deduction is an amount equal to the payment mentioned in section 989(1)(a).